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27 April 2015 | Care

Christie + Co sells established Gloucestershire Care Home

Businesses sold

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Acting on behalf of outgoing owners, Paul and Helen Hutson, specialist property adviser Christie + Co has sold Stinchcombe Manor Nursing Home in rural Gloucestershire.

The care home, which is situated in the charming village of Stinchcombe, has been acquired by local operator Stroud Care Services, who plan to develop the Grade II listed former Manor House into their flagship facility.

Stinchcombe Manor is registered to accommodate a maximum of 36 clients in 28 bedrooms, 18 of which have their own en-suite facilities.

Commenting on the sale, Simon Harvey, Director of Christie + Co’s South West Healthcare team says: “We are delighted to have assisted Paul and Helen with the sale which will enable them to concentrate on their care businesses in Cornwall and equally, we are pleased to have facilitated the acquisition thus allowing Stroud Care Services to expand their operation.”

“This is the third care home that Christie + Co has sold in Gloucestershire in the last few months, following hot on the heels of the Old Vicarage at Frampton-on-Severn and Woodstock Nursing Home in Gloucester, all of which continue to show that demand for care homes in the county remains high.”

The home which is registered to accommodate a maximum of 36 clients in 28 bedrooms, 18 of which have their own en suite facilities, has been acquired by local care home operator Stroud Care Services, who plan to continue to develop the Grade II listed former Manor House into their flagship facility.

The freehold interest in Stinchcombe Manor was sold for an undisclosed sum off a guide price of £1.75 million.