Latest property news from BNP Paribas Real Estate UK, the leading property adviser
10 January 2018
Brookfield Care Home, leased to MHA, sold for £8.225m
London and Oxford Estates has successfully completed the sale of Brookfield Care Home in Little Bury, Oxfordshire.
The property was sold to The Property Income Trust for Charities c/o Mayfair Capital Investment Management Ltd for £8.225m.
The 66-bed care home is leased to Methodist Homes, a 5A1-strong covenant, with circa 19 years unexpired. The current annual rent is £473,730 subject to minimum annual rental increases of 2.5%.
Richard Harris, head of alternative capital markets at BNP Paribas Real Estate, who acted on behalf of London and Oxford Estates, said: “This transaction shows further investor confidence in the prime healthcare real estate investment market, which is increasingly attractive to investors seeking properties that can provide very stable and long-term income.”
BNP Paribas Real Estate acted on behalf of London and Oxford Estates; JLL represented Mayfair Capital.