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Closed Care Home River Views In Instow For Sale

Instow, Devon
Asking Price:
£525,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Silver Threads Care Home is believed to have been a care home since the 1960's and is now closing and offered for sale with vacant possession.

The property has a registration for 14 residents in extended accommodation over 3 floors.

The site has been extensively developed over the years and now provides extensions to the rear with 2 storey accommodation, the whole is ideal for its current use as a care home.

Alternatively the premises have potential for use as a guest house or conversion to apartments and dwellings subject to in both cases obtaining planning permission.

Past accounts show the business was operating with a turnover up to the 6th of April 2016 of £372,152.

The property is in a busy main road location and would make a comfortable home and income proposition and we strongly recommend an internal viewing to see the full extent of the property which has access from the main road down a country lane to the rear with a small enclosed Spanish style courtyard garden.

It may be possible to have parking on site because the lounge at the back on the ground floor used to be used for parking and could easily revert back to the same by taking the front wall away, the flat roof could be left and if a discerning purchaser was willing to lose the bedroom next door this whole area could provide potentially 3 parking spaces.

EPC Rating C.

Property information

Property:

Freehold

Living Accommodation:

With 14 bedrooms

Location:

Silver Threads Care Home is located in Lyndale Terrace, which stands back from the centre of Instow, fronting the main through route between Barnstaple and Bideford. The property enjoys far reaching views over the village towards the estuary, the River Torridge and beyond to the fishing village of Appledore to the far banks of the river.
The village has the population of around 1,500 residents and a small esplanade, sandy beach with sand dunes and is a popular holiday destination.
The village offers a host of facilities including a busy general store, several pubs, restaurants and is a popular place to live for residents who commute to the nearby towns of Bideford, which is approximately 3.5 miles away and Barnstaple which is approximately 10 miles away.

Energy Performance Rating:
C

Contact Information

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