Current Requirements

Our elderly care nursing home sites require 1 – 1.5 acres (0.85+ acres considered in high value areas close to town centres) with main road frontage, in good quality suburban areas, ideally with good bus/transport links for staff/visitors. A typical 64 bed home will measure c. 3,520m2 G.I.A. over 2 floors including ancillary kitchens, laundry, plant room and staff changing in the roof space. On smaller sites 3 storey, 63 bed homes are common.

The homes provide a good source of employment (c. 64 full time equivalent employees) and hence are an ideal use for former employment sites on mixed use developments. However, as the homes operate over 3 shift changes, there are a maximum of c.24 employees on site during the busy day shift. Studies show that on average 40% of staff arrive by and park a car (10 spaces) and car parking, including visitor spaces, is low in comparison to residential developments (c.28 spaces in total). In addition, the shift changes at 8am, 2pm and 8pm mean that highways usage is generally outside rush hour.

Full care is provided and due to the dependency of the residents (they only leave the home if escorted), proximity to shops/services is not a requirement. However, where amenities are located nearby, we will also consider larger sites of up to 5 acres for assisted living developments or sites of c. 10 acres for care villages which are less dependent on local retail services.

Grafton Land & Property will pay an introduction fee relating to sites it was previously unaware of and where any transaction is as a direct result of the introduction. Any fee will be paid on completion of the contract to purchase the site following the satisfaction of any conditions in the contract. Where the site is not on the open market and remains so during the acquisition, a fee of 4% of the purchase price will be payable, exclusive of vat but inclusive of disbursements. If the site is offered to other potential purchasers during the acquisition, a fee of 2% of the purchase price will be payable exclusive of vat but inclusive of disbursements on completion of contracts. This agreement is subject to review on 1st January 2024.