Last checked at 
The home operates as two units on one site: Fairview Court and Fairview House. It is being sold by its current owners as part of their retirement from the business.
On completion the home will be operated by Welford Healthcare Ltd. Impact Healthcare will enter into a new full repairing and insuring lease with Welford for an initial term of 25 years, with an option for Welford to extend to 35 years. Welford has committed to a minimum annual expenditure on maintenance.
The initial rent of
The level of initial rent agreed with Welford offers an attractive net initial yield, the company said, combined with a high level of rent cover to ensure the rent is sustainable.
Planning permission is in place to extend Fairview House and to link the two units. Once this work is completed, it will be possible to operate the home as one unit, offering 79 bedrooms.
The home is one of the target acquisitions identified by the company at the time of its fundraise completed in November.
Shares in Impact Healthcare were flat at
