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24 May 2016 | Care

Lansdowne Care Home in Hampshire sold to residential developer

The Winchester office of leading specialist business agent, Christie & Co has sold the former Lansdowne Care Home in the Hampshire village of Lindford on behalf of its Liquidators, Chris Parkman and Lisa Alford of Purnells Insolvency Practitioners based in Dorchester.

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A strong level of interest was expressed in the site from applicants looking to re-register the property as a care home, as well as interest from residential developers looking to obtain change of planning.  However, due to the size of bedrooms and cost of upgrading and refurbishing the property, re-registering the building was deemed unviable by those potentially looking to re-open it as a care home. The eventual purchaser was a residential developer who plans to convert the property for residential use.

Charles Phillips, Director at Christie & Co who handled the sale comments: “We received a large amount of interest in Lansdowne Care Home, showing strong demand for opportunities like this across the south of England from both care operators and residential developers.

“It is a good time to sell for operators looking to retire from the sector as there are many potential buyers searching for similar opportunities in the area.”