Pre-Acquisition Valuation of a Care Home, Blackpool

Project Details

Purpose: Pre-acquisition survey for the freehold purchase with the intent of continuing the care home business.

Property Description:

• Converted and extended pair of semi-detached houses
• 32 single bedrooms, six twin bedrooms (23 with ensuite WC and hand basin)
• Communal lounges, dining areas, offices on the ground floor
• Detached laundry building
• Sloping access and steps down from Lytham Road
• Driveway with off-street parking for ten vehicles
• Resident gardens, large paved patio, landscaped borders, lawn area
• All bedrooms offer regular shape and ample storage.
• Communal washing facilities on each floor (bathroom/WC, WC, wet room shower/WC)

Registration and Capacity:

• Registered care home for 44 older persons (Care Quality Commission)

Size:

• Total Gross Internal Area (GIA): 12,217 sq. ft (1,135 sqm)

Market Value:

• £1,595,000 (One Million Five Hundred and Ninety-Five Thousand Pounds)

Analysis:

This pre-acquisition survey provides a high-level overview of Hollins Bank Care Home. The property appears well-suited for its continued operation as a care home with features such as:

• Sufficient number of bedrooms to meet CQC registration for 44 residents.
• Mix of single and twin rooms for various resident needs
• En-suite facilities in a significant portion of rooms
• Communal areas for socialising and dining
• Dedicated laundry facilities
• Resident gardens and outdoor space