Investment Opportunity - 9 retirement flats to be sold with vacant possession
Savills is delighted to bring to the market the opportunity to acquire 9, one bed retirement flats located within Nazareth House, a C Listed building comprising flatted accommodation for over 60s which benefits from access to a range of communal facilities set within a convenient high street location in the heart of Cardonald.
The opportunity comprises 9, one bed retirement flats which are located in the main Nazareth House, a three storey C Listed building which fronts onto Paisley Road West. The block forms part of a larger complex of buildings which comprises a 70 bed care home, attached to the rear of the flats as well as an integrated chapel, which are operated by the Nazareth Care Charitable Trust and are set within attractive landscaped grounds with associated parking. The flats form part of a larger block containing a total of 24 retirement flats, 15 of which have been sold as well as housing separate living quarters for the Sisters of Nazareth which form part of the second floor. For the avoidance of doubt, these areas are excluded from the sale. The building was converted by the current owners in 2018 to a high specification. Each apartment has been refurbished to a high standard and features gas central heating and double glazing with an open plan lounge and kitchen, double bedroom and wet room/shower room. Residents have access to generous communal areas which
include two residents' lounges, coffee making facilities, a
communal dining hall and an assisted bathroom facility, all of
which are included within the sale demise. Additional services available include an on-site hairdresser and chiropodist based within the adjoining care home which can be accessed upon arrangement for an additional cost. Residents also have the option to have lunch provided by the adjoining care home if required for an additional cost. A guest bedroom with en-suite is situated on the ground floor which residents can utilise for guests at a current rate of £25 / night through arrangement via the management office. The building benefits from an internal connection to Nazareth House Church which provides daily services for residents of the apartments, care home and wider public. Unallocated parking is also available within the development and ramp access is available.
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