Specialist property adviser Christie + Co has sold the former Croft Nursing Home in Wallington, Surrey in excess of the asking price.
The substantial 22-bedroom property has been purchased by Redbrick Wealth, an international property investment firm, who made an offer within an hour of viewing the property.
The property comprises two attached dwellings with a link building and was run as a care home until October 2014. The new owner has purchased the premises with a view of converting it into residential apartments.
William Langton of Christie + Co’s London office handled the sale. He comments: “The Croft generated tremendous interest and we are delighted to have ensured a smooth and quick transaction for our client.”
“We arranged two open viewing days which were both very well attended, reflecting the high level of interest in the Care sector. Our recent Business Outlook report revealed that average care property prices increased by 9.8% during 2014, with demand particularly strong in the hotspots of London and the Southeast.”