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Closed care home in Harrow acquired by childcare operator

Acting on behalf of Smith & Williamson, joint liquidators of Precious Healthcare Limited, specialist business property adviser, Christie & Co has completed on the sale of Oakleigh Nursing Home, in conjunction with strategic property advisor, Peter Fenwick & Co.

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Currently closed, the care home in Hatch End, Harrow was purchased by the previous owners through Christie & Co in 2009 and traded until Summer 2018. The property has been acquired by a new childcare operator, who plan to refurbish the property and operate the business as a children’s day nursery. 

Jordan Oborne, Associate Director at Christie & Co handled the sale and comments, “Our marketing campaign generated interest from a wide range buyers, from owner occupiers to those with future commercial uses and residential developments in mind. Several offers were received as result of a best & final offers process. The successful buyers achieved an exchange of contracts within a short space of time and completion followed in June.

“Christie & Co has recently sold a number of closed nursing and elderly care homes within the Greater London region, and buyers of these properties have included children’s day nursery operators, residential developers, HMO operators, specialist care home and supported living operators. In some cases, closed nursing homes have been sold for a higher value on a closed basis than could have been achieved on trading basis.”

Oakleigh Nursing Home was sold off an asking price of £2,250,000 for the freehold interest.

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