Available
Llanrug – 15-Bed Care Home
Y Foelas, Station Road, Llanrug, Caernarfon LL55 4BEFreehold Care Home Investment
Price
£300,000
Rent P.A.
£50,000
Yield
16.67%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
9y 7m
Area
4,652 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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)
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 Description
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.
*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.
Tenancies & Accommodation
Location Description
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
