Care development site in the Cotswolds sold through Christie & Co
Specialist business property adviser, Christie & Co has completed on the sale of a care development site in Moreton in Marsh, Gloucestershire, on behalf of Mercian Developments, to regional care provider, Taylor & Taylor.
The development includes full planning permission for a high specification 60 bedroom care home, situated on the edge of the Cotswolds Area of Outstanding Natural Beauty, providing a picturesque setting.
Chris Towers, Managing Director at The Mercian Group, comments, “Since appointing Christie & Co to advise and market our opportunity in Moreton, we have been delighted with their efficiency and ability to summarise the market need, and to target the right operators for the town. A swift marketing process and sales negotiation allowed us to submit an early planning application and complete the sale within 12 months from inception.”
Charles Taylor, Managing Director at Taylor & Taylor, the site’s new owner, comments, “This site represents a wonderful opportunity for our company to expand our group and bring our high quality care offering to the people of Moreton in Marsh. Achieving planning on this site took a large amount of effort from ourselves, Mercian and Christie & Co and we will now be working hard over the coming months to bring this much needed care facility to market.”
Jordan Rundle, Associate Director at Christie & Co, who handled the sale, comments, “Moreton in Marsh is undersupplied with market standard care beds and this, coupled with the strong underlying wealth profile of the town, provided a compelling opportunity for an operator to meet this demand.
“The site itself provides an excellent setting for a new care facility benefiting from stunning views over the Cotswolds Hills and being situated adjacent to the North Cotswolds Hospital. Mercian Developments have been a pleasure to work with on this project and we wish them and Taylor & Taylor every success in the future.”