33-bedroom Dorset care home sold to local property developer
Specialist business property adviser, Christie & Co, has completed on the sale of The Crescent Nursing Home in Bournemouth, Dorset.
The Crescent is registered for 40 service users and boasts 33 bedrooms, seven of which have en suite facilities. The home was originally two detached properties which have been linked over the years, and includes an enclosed patio courtyard area and a raised pond. It is situated in a quiet residential area near the centre of Bournemouth, close to Meyrick Park, and overlooks the tree-lined Meyrick Park Crescent.
Previous owner, Mrs Helen Graham, decided that, after having run the home for a number of years, it was time to retire, and the property was placed discreetly on the market. It was offered confidentially as a trading care home but, due to the age and configuration of the properties, a sale was eventually concluded on a closed basis to a local property developer.
Mrs Graham comments, “Having owned and managed The Crescent Nursing Home for quite a while, I took the decision that the time was right to sell. It was a hard decision as I have enjoyed managing and running the home, but I wanted to retire. The size of the plot and location made the property suitable for development and, whilst it was a shame to close the business down, I am pleased to have sold.”
Charles Phillips, Director - Healthcare at Christie & Co, who handled the sale, adds, “Whilst The Crescent was a trading business when we were instructed to sell it, the property was always going to be suitable for development. To maximise the sale price, a hard decision was taken by Helen to close the home but, from a commercial point of view, this was the right decision. We are delighted to have sold the home for her and hope that she enjoys her retirement.
“This sale demonstrates the high demand we’re seeing from both operators and developers for closed or trading care homes in the South.”
The Crescent Nursing Home was sold for an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Charles Phillips, Director – Healthcare (South)
P: 07764 241 346 or E: charles.phillips@christie.com
Visit Christie & Co’s Business Search page to find out more about current care listings.
