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.

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). Source: carehome.co.uk

26 SCISSETT MOUNT, WEST YORKSHIRE 27 CARE DEMAND 416,000 CARE HOME RESIDENTS IN THE UK IN THE UK Source: LaingBuisson

IN 2015, THE The UK has one of the world’s largest elderly populations, PRIVATE CARE HOME with demand specialised care homes and nursing homes SECTOR GENERATED now at an all-time high.

Over the next 20 years, the number of UK residents aged £12.1BN 85 or over is set to rise at its fastest ever rate, with the UK government estimating that an additional 1.7 million will Source: LaingBuisson require care and support by 2035.

There are currently more than 415,000 residents living in residential care - representing 4% of all over 65s in the UK, and rising to 16% of those aged 85 or over. 16% OF THOSE AGED OVER 85 With government social care funding due to reach a LIVE IN CARE HOMES shortfall of £2.6 billion by 2019/20, according to the Local Government Association, more pressure has been placed Source: LaingBuisson on the private sector to accommodate for the UK’s growing elderly population. Exacerbating the shortage has been the closure of care 5,500 homes throughout the UK with an estimated 5,500 closures registered over the past two years by LaingBuisson and CARE HOMES Savills. CLOSED IN THE UK IN 2015/16 Source: LaingBuisson, Savills

28 SCISSETT MOUNT, WEST YORKSHIRE 29 *Pictures are of TLC Care’s previous care home development - Calderdale Retreat

Calderdale Retreat was TLC Care’s first care CALDERDALE home development and was completed RETREAT in Q1 2016. WEBSITE

30 SCISSETT MOUNT, WEST YORKSHIRE 31 CALDERDALE RETREAT

Calderdale Retreat is the first care home operated by TLC Care Management Limited.

Home to 65 care suites and 16 specialist dementia suites, the development is already home to its first residents, as it brings high quality, CQC approved care services and accommodation to the Calderdale area.

Home to 81 residents from the local area

“Approved to provide accommodation with nursing and personal care by the Care Quality Commission” - April 2017

32 SCISSETT MOUNT, WEST YORKSHIRE 33 THE CALDERDALE RETREAT - CONSTRUCTION PROCESS

SEPTEMBER CONTRACTOR 2014

The principals of Elements Construction have a wealth of experience in construction and build management of a variety of large and diverse build projects.

Operating from their wholly owned offices in Wakefield, the company has a broad skill base ensuring that the FEBRUARY construction portion of projects can be managed 2015 effectively.

PREVIOUS ELEMENTS CONSTRUCTION DEVELOPMENTS: JULY

• Huddersfield Waterside Quarter Student Village 2015 672 High Spec Student Studio Apartments • Appleton Point, Bradford 160 High Spec Student Studio Apartments • Grappenhall 24 Luxury Apartments • Degamwy Quay Marina, Wales COMPLETION 42 Homes & 5 Apartments • Hallgate House Q1 2016 • Station Court

34 SCISSETT MOUNT, WEST YORKSHIRE 35 PURCHASE RESERVATION Reservation form completed & £5,000 non-refundable fee paid and deducted from the PROCESS deposit on exchange

SOLICITORS INSTRUCTED Solicitors instructed, legal pack sent out & anti-money laundering process completed

EXCHANGE OF CONTRACTS 50% of purchase price paid to solicitors & contracts exchanged within 30 days of reservation

LEGAL COMPLETION The remainder of the balance is paid, the purchase is completed & Title Deeds registered with the UK Land Registry

36 SCISSETT MOUNT, WEST YORKSHIRE 37 DISCLAIMER

1. This information is and remains the property of strongly recommended to perform their own financial or bank, unless specified, nor is this warranted or the Master Agent warrants, guarantees or promises the Master Agent is made available to the addressee and legal assessment of any opportunity prior to supported by the Agent or the Master Agent. that Purchaser will make a profit from any property subject to the terms and conditions of this Disclaimer. making any commitment to participate. transaction entered into, whether as a result of acting A copy of this information is made available to you 11. Descriptions of property, homes, buildings, on information contained within this document or for your personal use and must not be given, shared 6. Neither the Agent nor the Master Agent provides or locations or Development particulars, specifications otherwise. As with any purchase, this may result in a or communicated with any other person except for offers an opinion as to whether a particular property and pictures and artists impressions of any property, loss. your own professional advisors for the sole purpose of is appropriate for a particular individual and owes no home, building, location or Development are given in obtaining their advice. duty of care to the Purchaser. good faith and believed to be correct, but they do not 15. Where applicable, as in the case of a consumer form part of any offer or solicitation and are intended and not a business customer (“Consumer”) the 2. The Agent and the Master Agent endeavour to 7. The Agent and the Master Agent, respectively, only as a general guide. Neither the Agent nor the Consumer Protection from Unfair Trading Regulations provide accurate, up to date and complete information each offer only an opinion on the opportunity in Master Agent controls the building or development of 2008 and the Consumer Protection (Amendment) but makes no warranties or representations as to the general terms and in relation to the market as a any project. Regulations 2014 (singly or together the “CPR”) accuracy, reliability or completeness or otherwise of whole. Neither the Agent nor the Master Agent is which prohibit unfair practices, shall apply. To satisfy the information contained herein. The Master Agent able to comment on or give opinions on the strength 12. All descriptions are intended only as a general the obligations under the CPR, the sales particulars assumes no responsibility or liability for any omissions or validity of any bond or insurance policy and guide and are not to be relied upon by the Purchaser have been prepared by the Master Agent upon the or errors contained in the information. Purchasers are strongly recommended to perform or by any other interested parties as a statement instruction of the Developer and in accordance with their own diligence and seek legal opinion. or representation of fact and the Purchaser or any these Regulations. The sales particulars are produced 3. The Agent acts as a sub-agent to the Master Agent; interested parties should satisfy themselves by in good faith and are not intended to form part of a specifically, the Master Agent accepts no liability to 8. Neither the Agent nor the Master Agent accepts inspection or otherwise. contract. Where the CPR apply, the Consumer may, the Purchaser for fraudulent misrepresentation made any responsibility for amendments to or changes without giving reason, cancel this Agreement within by the Agent. in rates of taxation, introduction of new taxes, 13. The Purchaser acknowledges that Developers 14 (fourteen) days from the day it was signed. Such changes to existing legislation or the introduction of reserve the right to alter plans, designs and cancellation must be in writing and may either be in 4. The Master Agent acts as an agent for the new legislation or any matters relating to the final specifications at any time without prior notice. the Consumer’s own words, or he / she may ask the Developer and as such accepts no liability to contractual arrangements for any purchase. Therefore, neither the Agent nor the Master Agent will Master Agent for a form of cancellation notice. For the Purchaser. Further and in any event, if be responsible for such changes. the avoidance of doubt, if the Consumer cancels, the notwithstanding this provision liability is established 9. The Purchaser may be liable for property-related Developer must re-pay the Reservation Fee to the against the Master Agent, then it is agreed that the taxes in connection with property purchases and 14. The Agent and the Master Agent have Consumer total maximum amount of such liability is limited to ownership in addition to any ongoing personal or endeavoured to provide the highest quality and shall not under any circumstances exceed the corporate taxation which may apply; for the avoidance information, backed up by substantial experience and 16. Neither the Agent nor the Master Agent is amount of the net Reservation Fee of any reservations of doubt, neither the Agent nor the Master Agent shall proven evidence from the marketplace. However, authorised or regulated by the Financial Conduct made. have any liability for such taxes. individual interpretation of information may vary, and Authority (“FCA”) and as such neither is permitted individual circumstances, skills, abilities, knowledge to offer financial advice about investments, whether 5. Purchasers are required to conduct their own 10. Where rental assurances or guarantees are offered and attitude play an important part in achieving regulated or unregulated; accordingly, neither the due diligence and make their own judgement on the as part of the purchase, the Developer will contract a particular outcome. In addition, the future Agent nor the Master Agent offers financial advice. property being offered. Purchasers must verify the directly with the Purchaser to assure the rental income behaviour of the property market may not follow In case of queries or doubt, Purchaser and any other information and any speculative information offered at the specified rate and for the specified duration, past experience, either, internationally, nationally interested parties should consult an FCA-regulated by the Agent and the Master Agent. Purchasers are but this is not supported by an insurance policy, bond or locally. For this reason, Neither the Agent nor Independent Financial Advisor.

38 SCISSETT MOUNT, WEST YORKSHIRE 39