Impact Healthcare buys care home for £5.8m

Impact Healthcare REIT has bought a purpose-built care home on the southwest coast for £5.8m. The 83-bed property will be operated by one of its existing tenants Minster Care, with an initial rent of £414,000 reflecting a net initial yield of 7.2%. The property has a 20-year lease, with rent subject to an annual upward-only…

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