Shropshire care home on the market for £1.95m
Rylands Nursing and Residential Care Home in Newport, Shropshire is on the market with an asking price of £1,950,000 for the freehold.
Rylands is a converted and extended, three-storey, 19th century building with 39 bedrooms including two companion rooms. It is a Good-rated business registered to care for up to 44 residents.
It is currently operated with a management company in place and the owners in the background.
The business has been owned by Lynn and Mark Cowling since 2005 and was brought to market to allow the pair to retire.
The Cowling’s commented: “During our period of ownership we have extended the home and modernised many of the facilities.”
Business property advisor Christie & Co is facilitating the sale.
Paul Reilly, director, healthcare at Christie & Co said: “The home has been well-established for many years and enjoys good occupancy levels. We believe a hands-on owner-operator would increase profitability by reducing some of the management and staffing costs.”
