Established Lincoln care home sold to first-time buyer pair
Specialist business property adviser, Christie & Co, has announced the sale of The Bassingham Care Centre in Lincoln.
Business. Built around You.
Your expert business property advisers
The Bassingham Care Centre is a ‘Good’ rated care facility that comprises a former rectory, a 31-bedroom building, and specialist care bungalows with a further 28 bedrooms. This accommodation sits on large grounds located between Newark and Lincoln, accessed off the A46 in the affluent village of Bassingham.
It has been owned by My Care since 2013 and was brought to market as part of a strategic disposal.
Following a confidential sales process with Rosie Turner at Christie & Co, it has been sold to first-time buyers, Jijo Benedict and Anil Varghese John of Confident Care Homes Ltd.
Rosie Turner, Senior Business Agent – Care at Christie & Co, comments, “Having worked with our client for a number of years, we are delighted to complete on this sale for them. After a competitive marketing process, which achieved a high proportion of interest from first-time operators due to the home’s established reputation, profits, and strong management team, Confident Care Homes Ltd has become the proud new owner.
“The sale of Bassingham Care Centre demonstrates that there is strong demand for quality care homes, and we were pleased with the level of interest expressed in this home during the marketing process.”
The Bassingham Care Centre was sold for an undisclosed price.
-----------------------
For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.