Going Concern ($225,000) plus Freehold ($1,650,000)
Virginia Lodge is a privately owned and operated rest home, very well located on a high profile site (on SH3) in the 'dress circle' St John's Hill suburb of Whanganui.
Originally built in 1915, converted for use as a rest home in 1996/7, and further extended in 2014, it operates as a 21-bed rest home facility, providing long term and respite care. This is a boutique facility home with an exceptional reputation.
The entire site has exceptional amenities and the home itself exudes great character. It occupies a site of 5,418m2 with over 1,000m2 of rest home development. The freehold also includes a separate 3 bedroom owner's accommodation and a garage/sleep-out both well separated from the main rest home.
The operation is currently managed with the vendor living in another part of NZ. He is now looking to complete the semi-retirement phase of his life and retire completely.
This opportunity will have obvious appeal for those interested in the aged care space including those working in aged care as a vocation. There are options to expand and extend the existing business, thereby further optimising the site investment and increasing capital value over time.
The site also has a range of alternative uses depending on buyer imperative, hence, there are strong prospects for those with an investment and growth aspirations, in current or modified form. We anticipate this opportunity may appeal to suitably qualified owner operators or investors accordingly. It will have particular appeal for those looking for substantive tangible asset backing to underpin their investment.
Please contact Gerard Dunne 027 220 8277 for more information.
For a confidential discussion please complete our online confidentiality agreement.
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