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Eight-bedroom specialist care investment property

Woodlands, IP24 - Get Access

8 bed

Description

The property comprises a purpose-built self-contained care home with 8 bedrooms, offering a total floor area of approximately 382.02 sq. m (4,112 sq. ft) set on a site area of approximately 0.09 Ha (0.23 Acres). The building has been recently refurbished and features 8 individual suites. The property is situated on the north side of Elm Road in a well-established residential area approximately 1 mile south-east of Thetford town centre. The immediate surrounding area is predominantly residential, with the wider commercial and leisure amenities of the town in close proximity. The location benefits from good road communications, with the A11 and the M11 to the south-west readily accessible, whilst Thetford Railway Station is approximately 1.2 miles away. Additional regional distances include Bury St Edmunds 13 miles north, Norwich 31 miles south-west, Cambridge 37 miles north-east, and London 94 miles east. The property is entirely let to Royal Mencap Society until 2035 with no breaks, producing a current rent of £73,268 per annum exclusive, with annual CPI-linked rent reviews (1% minimum and 4% maximum cap and collar). Future residential development potential exists subject to obtaining the necessary consents.
Comparable sales
89, Fir Road, IP24 3EX 0.0 mi
House • Mid-Terrace 5 rooms EPC C (2018)
872 sq ft
£170,000
1 year ago
97, Fir Road, IP24 3HA 0.0 mi
House • Mid-Terrace 4 rooms EPC C (2025)
797 sq ft
£185,000
1 year ago
192, Elm Road, IP24 3HF 0.1 mi
House • Mid-Terrace 4 rooms EPC C (2024)
721 sq ft
£175,000
6 months ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 4,112 sq ft (Listing)

Valuing a specialist commercial care home asset requires focusing on lease terms, tenant strength, and income yield rather than standard residential comparable sales. The property is a modern, single-storey purpose-built facility on Elm Road in Thetford, benefiting from a recent comprehensive refurbishment and an 8/10 condition score. Floor area of 4,112 sq. ft is taken directly from the property listing details.

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