Having closed in December 2015, Elliscombe House had previously provided accommodation for up to 40 elderly residents. It also includes a development of 10 retirement homes set within the grounds, all of which have been sold on a 125-year lease.
Planning permission has already been obtained for additional bedrooms and the new owner is now planning an extensive programme of refurbishment in order to reopen the home as a high quality care facility.
Simon Harvey, Director in Christie & Co’s South West Healthcare team comments, “This sale is yet another example of the positive activity experienced in the care sector for a wide range of care businesses, including closed homes.
“The South West continues to be an increasingly popular market with several growing regional operators as well as first-time entrants looking to relocate to the area to acquire their first business.
“Our marketing approach generated significant interest with a number of offers received from a range of parties. We wish the new owner all the best with their future plans.”
The Ellie Group’s Managing Director, Glenn Trotman said, “This is an exciting opportunity to develop and provide a boutique care experience for our guests, in the wonderful surrounds of Elliscombe House.”