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Scissett Mount Care Home SCISSETT MOUNT CARE HOME WEST YORKSHIRE INVESTMENT PROJECTED PURCHASER & SCISSETT MOUNT OVERVIEW RETURNS JOINT SALE OPTIONS CARE HOME P6-9 P10-15 P16-17 WEST YORKSHIRE PROPERTY COMPARABLE LOCATION & CARE PREVIOUS FEATURES ACCOMMODATION AMENITIES DEMAND DEVELOPMENT P18-21 P22-23 P24-25 P26-31 P32-33 THE PURCHASE DISCLAIMER CONTRACTOR PROCESS P34-35 P36-37 P38-39 2 SCISSETT MOUNT, WEST YORKSHIRE 3 4 SCISSETT MOUNT, WEST YORKSHIRE 5 RESIDENTIAL CARE INVESTMENT HOME SUITES FOR OVERVIEW £84,950 SPECIALIST Scissett Mount is an exceptional opportunity to DEMENTIA invest in an exclusive high-end, off-plan care home SUITES FOR development in the heart of West Yorkshire, with an experienced specialist operator. £94,950 CARE SUITES 125-YEAR 85 5% 8% LEASEHOLD 61 RESIDENTIAL 24 SPECIALIST INTEREST ON NET RENTAL FROM 2018 CARE SUITES DEMENTIA SUITES DEPOSIT RETURN COMPLETION CONSUMER PROTECTION FROM UNFAIR SCHEDULED FOR 10 YEAR TRADING REGULATIONS 2008 (CPR) These regulations prohibit unfair practices. To satisfy our obligations under the CPRs, our sales particulars have been prepared upon the instruction of RENTAL the vendor and in accordance with these regulations. The property details are *Pictures are of TLC Care’s Q3 2018 produced in good faith and are not intended to form part of a contract. previous care home development - ASSURANCE Calderdale Retreat 6 SCISSETT MOUNT, WEST YORKSHIRE 7 The percentage of the UK population aged over 65 is forecast to increase by 5.8% LAINGBUISSON by 2031 - with the greatest growth in those aged 85 and over *Pictures are of TLC Care’s previous care home development - Calderdale Retreat 8 SCISSETT MOUNT, WEST YORKSHIRE 9 RESIDENTIAL CARE SUITE PROJECTED DURING FIXED RENT 10 Year Term RETURNS Purchase Price £84,950 Annual NET Fixed Rent £6,796 Annual NET Fixed Rent % 8% 10 Year NET Fixed Rent Income £67,960 STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: https://www.gov.uk/stamp-duty-land-tax/overview http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. Please Note: This example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. *Pictures are of TLC Care’s previous care home development - Calderdale Retreat 10 SCISSETT MOUNT, WEST YORKSHIRE 11 SPECIALIST DEMENTIA SUITE PROJECTED DURING FIXED RENT 10 Year Term RETURNS Purchase Price £94,950 Annual NET Fixed Rent £7,596 Annual NET Fixed Rent % 8% 10 Year NET Fixed Rent Income £75,960 STAMP DUTY LAND TAX To find out if your purchase will incur Stamp Duty, please visit the Stamp Duty overview and calculator at: https://www.gov.uk/stamp-duty-land-tax/overview http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm The purchaser may be liable for property related taxes in connection with property purchases and ownership in addition to any ongoing personal or corporate taxation which may apply. Please Note: This example is for illustration purposes only; the projections for the income, occupancy levels, room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. *Pictures are of TLC Care’s previous care home development - Calderdale Retreat 12 SCISSETT MOUNT, WEST YORKSHIRE 13 PURCHASER & JOINT SALE OPTIONS PURCHASER OPTION TLC Care will include a put option within the purchaser’s contract pack, which will allow the purchaser to sell their suite back to TLC Care for 100% of the purchase price, minus any rental income paid, in years 5 through 8 from completion. TLC Care is contractually obliged to re-purchase the unit within 12-months of the notice being received by TLC Care by the purchaser. The purchaser will be liable for an administration charge and their own legal fees. JOINT SALE OPTION TLC Care will request that a call option is included within the purchaser’s contract pack, which through agreement, would allow TLC Care, the purchaser having consented, to enact the onward *Pictures are of TLC Care’s previous care home development - Calderdale Retreat sale of the property. The terms of which are: Dependent on the date of the sale, a proportion of the ground rent may be payable. • Years 1 through 3, the unit must be sold if a 10% uplift in purchase price can be achieved Please Note: This example is for illustration purposes only; the projections for the income, occupancy levels, • Years 4 through 8, the unit must be sold if a 15% uplift in purchase price can be achieved room rates and management charges are not guaranteed and are subject to change. We accept no responsibility for any changes or inaccuracy with these figures; they are provided in good faith as a general guide and based on what we believe to be correct but do not form part of any offer or solicitation. 14 SCISSETT MOUNT, WEST YORKSHIRE 15 42% of care home residents in Yorkshire and the Humber are self-paying - a leading factor LAINGBUISSON in the ongoing sustainability of a care home 16 SCISSETT MOUNT, WEST YORKSHIRE 17 PROPERTY LOUNGE & DINING AREA FEATURES Situated in the village of Scissett, West Yorkshire, the home will be divided into three floors and two areas, each floor will have designated communal rooms and dining rooms. One area of the home will provide dementia care for 24 individuals, whilst the other area will provide services for 61 residents with nursing/ residential social care needs. RECEPTION & LOBBY Due to be equipped with all the appropriate services, Scissett Mount seeks to provide a safe and engaging environment for people with SHOP & HAIR SALON dementia. The plans include a secure garden with sensory areas, a dance hall and a gym to enhance the lives of residential care and dementia patients through low intensity exercise classes, relaxation sessions and structured motivational lessons. GROUND FLOOR PLAN - SUBJECT TO CHANGE RESIDENTIAL CARE ROOMS COMMUNAL AREAS DEMENTIA WING ANCILLARY & BACK OF HOUSE AREAS CIRCULATION SPACE KEY 18 SCISSETT MOUNT, WEST YORKSHIRE 19 PROPERTY 61 CARE FEATURES HOME SUITES 24 SPECIALIST DEMENTIA SUITES HAIR SALON, OUTDOOR DANCE HALL & SEATING & EN-SUITE SENSORY AREAS LOCATED ON-SITE LAWN AREAS SHOWER ROOM LARGE KITCHEN & SPECIALLY FLEXIBLE DESIGNED SOCIAL AREAS QUIET AREAS *Pictures are of TLC Care’s previous care home development - Calderdale Retreat 20 SCISSETT MOUNT, WEST YORKSHIRE 21 CURRENT CARE QUALITY SPECIALIST DEMENTIA GOOD COMMISSION RATING (INFORMATION CORRECT AT CARE ROOMS AVAILABLE COMPARABLE TIME OF WRITING - 12/05/17) KEY RESIDENTIAL ACCOMMODATION CARE ROOMS AVAILABLE LINSON COURT SNAPETHORPE HALL CARE HOME CARE HOME REQUIRES INADEQUATE IMPROVEMENT WOODLANDS ADEN HOUSE CARE HOME NURSING HOME INADEQUATE REQUIRES IMPROVEMENT WHITE ROSE HOUSE SCISSETT MOUNT CARE HOME CARE HOME REQUIRES IMPROVEMENT N/A BRIDGEWOOD HOUSE ‘THE DENBY’ AT CARE HOME DENBY DALE GOOD GOOD 22 SCISSETT MOUNT, WEST YORKSHIRE 23 LEEDS 19 miles from Scissett Mount LOCATION & MANCHESTER 31 miles from Scissett Mount SHEFFIELD AMENITIES 21 miles from Scissett Mount SCISSETT MOUNT GOLOCALEXTRA CARE HOME £ SUPERMARKET Busker Lane, HUDDERSFIELD Scissett, Huddersfield 305 metres from HD8 9JU Scissett Mount Care Home SKELMANTHORPE TESCO EXPRESS FAMILY DOCTORS £ SUPERMARKET 1.41 kilometres from 740 metres from Scissett Mount Care Home Scissett Mount Care Home BUSKER LANE DEARNE VALLEY BUS STOP HEALTH CENTRE Just 10 metres from 250 metres from Scissett Mount Care Home Scissett Mount Care Home DENBY DALE CO-OPERATIVE TRAIN STATION PHARMACY 2.91 kilometres from 220 metres from Scissett Mount Care Home Scissett Mount Care Home DENBY DALE 24 SCISSETT MOUNT, WEST YORKSHIRE 25 CARE DEMAND 15% OF WEST YORKSHIRE’S POPULATION IN KIRKLEES AGED OVER 65 Source: Kirklees Dementia Action Alliance Kirklees has a population of just over 400,000 people, with OF THE 3,237 TOTAL nearly 5,000 of those estimated to be living with dementia. CARE BEDS IN KIRKLEES West Yorkshire has a total population of 2,226,058 of which BOROUGH, JUST 21 330,754 (15%) are aged over 65. ROOMS ARE AVAILABLE CURRENTLY* With the UK’s ageing population growing and the total number of care homes throughout the country declining for Source: carehome.co.uk the first time in ten years, care homes with nursing services are highly required in the Kirklees area. According to carehome.co.uk, there are a total of 3,237 5,000 single-occupancy care beds in the borough of Kirklees, with RESIDENTS IN just 21 rooms currently available*. KIRKLEES LIVING Given such a limited provision of beds, the borough’s WITH DEMENTIA occupancy levels currently stand at 99.46%, with an Source: Kirklees Dementia Action Alliance availability rate of just 0.64%*. Boasting a capacity of 85 rooms, Scissett Mount will also constitute the second largest care home in the Kirklees WITH 85 CARE BEDS, area, with the biggest home comprising just 2 extra rooms, SCISSETT MOUNT WILL BE or a total of 87 bed spaces – making Scissett Mount an THE SECOND LARGEST asset to the borough. CARE HOME IN THE KIRKLEES BOROUGH *All information correct at the time of writing (22/05/17).
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