South Shields Care Home Investment
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Danes Pathway is set to open as a specialist nursing home and dementia facility in South Shields, North East England.
Danes Pathway is currently undergoing refurbishment and will open as a high-specification dementia facility and nursing home in the North East of England.
Key Figures
£55,000Starting Price
10%Net Yield
Q1 2021Completion Date
Investment Details
Historically in County Durham, South Shields is the third largest settlement in the Tyneside area, just behind Newcastle and Gateshead ay 82,854. The population of South Tyneside is expected to increase by 4% over the next 10 years, however the age demographic is expected to change considerably. Whilst the number of those at working age is expected to decrease by 1%, the number of people over 65 is expected to increase by 20%, and those over 85 to increase by 40%. This drastic change will increase demand for care home units.
The Numbers
Ground Rent:
Number of Units:48
Service Charge:
Prices:£55,000
Leasehold:22
Ensuite bathrooms, onsite parking, resident lounges, kitchens and dining rooms.
Reservation deposit of £2,500 Outstanding balance payable once contracts have been signed
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