9/20/2018 | Care

Long standing care home for sale through Christie & Co and D2RE

Specialist business property adviser, Christie & Co and Jersey based D2RE have been instructed to jointly market Jeanne Jugan Residence in Jersey, on behalf of The Little Sisters of the Poor, with Bedell Cristin acting as legal advisers.

Located on the outskirts of St Helier, west of the main centre and accessible from St John’s Road, the care home occupies a substantial site of approximately 5.58 acres and benefits from attractive landscaped grounds with wheelchair access. Given its elevated position, the residence benefits from excellent views over St Aubins Bay and the town.

The care home comprises 72 en suite bedrooms with an additional 10 bedrooms currently used as guest rooms, a chapel which currently holds regular services and a plethora of day space, including lounges, dining rooms, theatre and large activities room. Attached to the main building is the Sister’s convent which could be converted into further residents’ facilities, subject to necessary permissions.

Additionally, there are three detached sheltered accommodation blocks within the grounds, each of which provides six single bedroom flats over two floors and two single storey bungalows. There is also a substantial car park to the front of the main building with approximately 50 spaces.

Purpose built in the 1980s, the care home has been successfully operated on a not for profit basis by The Little Sisters of the Poor, a charity and religious order in Jersey since 1886, and now presents considerable opportunity for a new purchaser to drive business and create a profitable establishment.

Charles Phillips, Director at Christie & Co’s Winchester office is handling the sale and comments, “This is a unique opportunity for a purchaser to acquire a care home in a prime location in Jersey. Jeanne Jugan Residence is well known on the island and has tremendous potential to add value for a new owner. In addition to its lovely landscaped gardens, the home’s sheltered accommodation presents the ability to cater to all the care needs of its residents.”

Phil Dawes, Managing Director of D2RE comments, “We are delighted to be acting for The Little Sisters of the Poor in the marketing of this well respected care home. Jeanne Jugan is the third largest care home in the island in terms of registered numbers and the property totals 9,076 sq m. We are confident that with the combined marketing initiatives of Christie & Co and D2RE, a strong level of interest will be obtained.”

Christie & Co and D2RE are inviting offers in excess of £9,500,000 for the asset purchase of Jeanna Jugan Residence.