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07 October 2019 | Care

Christie & Co sell former Bristol care home for redevelopment

Specialist business property adviser, Christie & Co has completed on the sale of the former Treetops Nursing Home in Keynsham, Bristol, to a local businessperson with an interest in redeveloping the site.

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The former, purpose-built 24-bedroom care home was operated by our clients, Shaw Healthcare, a leading provider of health and social care in the UK, that is majority owned by its employees. Geraint Evans, Commercial & Development Director at Shaw Healthcare, comments, “Christie’s have been extremely professional and supportive during the process.”

Treetops Nursing Home has been sold to a local businessperson who’s plans to reopen the home. Oliver McCarthy, Business Agent at Christie & Co who handled the sale comments, “Due to its size and location, this closed care home received significant local and national interest resulting in numerous offers in excess of the guide price. This highlights how the market for quality sites in the South West is stronger than it has been for many years, as we continue to see many well-funded buyers seeking new opportunities in the region.”

The former Treetops Nursing Home was sold on a freehold basis off an asking price of £500,000.