Healthcare Properties for sale in Llanrug, Caernarfon

Health Care in Llanrug available for sale

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More details for Station Rd, Caernarfon - Health Care for Sale

Foelas - Station Rd

Caernarfon, LL55 4BE

Health Care for Sale
£300,000
4,652 sq ft

Caernarfon Health Care for Sale - Llanrug

Investment Consideration: Rental Income: £50,000 p.a. Gross Initial Yield: 16.67% VAT is NOT applicable to this property Comprises detached care home with parking and garage at rear Future redevelopment potential for multiple dwellings (C3) or educational/healthcare premises STTP Tenant has option to purchase the property at strike price of £400,000 on or before the 21.01.2027 and completion deadline is 10 working days from exercising the option. Located in the popular village of Llanrug, approx. 4 miles from the coastal resort town of Caernarfon with its 13th Century Castle, multiple shopping facilities and beaches. Property Description: Comprises substantial detached care home with large parking and single car garage at rear. The property has been fully refurbished in 2023 and provides the following accommodation and dimensions: Ground Floor: 214 sq m (2,303 sq ft) 5 bedrooms, kitchen, dining, lounge, conservatory, office, store, bathroom, 3 wc`s First Floor: 176 sq m (1,894 sq ft) 8 bedrooms, kitchen, lounge, 2 bathrooms, 2 wc`s Second Floor: 42 sq m (455 sq ft) 2-bedrooms, ancillary, bathroom Total GIA: 432 sq m (4,652 sq ft) Tenancy: The property is at present let to Hilda`s Trading Limited t/a care home for a term of 10 years from 22nd January 2026 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 22.01.2031 linked to RPI. No break clause. Rent deposit held of £12,500. Lease within the Landlord and Tenant Act 1954. *Tenant has option to purchase the property at strike price of £400,000 on or before the 21.01.2027 and completion deadline is 10 working days from exercising the option. Location: Located close to the junction with Tal-Y-Bont in the popular village of Llanrug which is in the foothills of the Snowdonia Mountain Rage, approx. 3 miles from famous Llanberis which is one of the most popular mountain tourist centres in the Snowdonia National Parks. Llanrug also lies approx. 4 miles from the coastal resort town of Caernarfon with its 13th Century Castle, multiple shopping facilities and beaches