We are pleased to market this central city Aged Care Business providing 70 Rest Home & Hospital Long Term Residential Care Beds, with the opportunity for a further 20 Dementia Beds.
Resident accommodation is provided by way of several individual wings and a central entry foyer with good car parking. The leasor is working with the owner to build a new 20 Bed Hospital Wing onsite at the rear of the facility.
The intent is to move 20 Hospital Care Beds in the main complex to the new purpose built Hospital Wing and those beds to be replaced with 20 Dementia Care Beds, providing approx. 90+ Certified Bed multi-service facility close to the city’s central business district.
The Financial Accounts for the 31st March 2024 posted an EBITDA of $1,120,194 at approximately 80% occupancy. The owner has set a 2024/25 occupancy forecast target of 90%+ by reopening the closed wing of 9 hospital beds with discussions in train "to occupy" with respective aged care agencies. The addition of 20 dementia beds to be incorporated into the financials when built/completed.
With this facility expanding subject to council approval, the facility will house up to 90+ residents in an excellent central city location making this a unique opportunity to purchase a well run large aged care facility with excellent staff, residents and bed growth capability.
This is a developing facility with the opportunity to grow EBITDA/Profit, maximising your Return on Investment. We are selling this opportunity as “Business Only” with long-term lease and the owner agreeing to support the new owner for a period of time post settlement as part of the transition plan if required.
Asking Price Business Only: $3,000,000 Plus GST (if any).
If you would like to find out more about its location and more, please visit the Barker Business website, search reference 3228 and submit the online Confidentiality Agreement. When Frank receives your registration of interest he will be in touch.
Property Code: 3228
