HPC acts for vendors in sale of purpose built care home
Continuing a run of success in the social care sector, HPC has acted in the sale of a 44 bedroom, purpose built care home in the North East
HPC has acted for the vendors in the sale of Teesdale Lodge Nursing Home, Stockton-On-Tees. The home was purpose built by HPC’s client in 1996, and was put on the market due to retirement.
The care home was built with all resident accommodation at ground floor level, and had 44 en-suite bedrooms split into separate wings, each with its own lounge areas. Registration had more recently been for only 40 places.
HPC Director Ian Wilkie, who acted for the vendors, said, “this really was a ground-breaking design for its time, with clever use of layout to ensure the home did not have an institutional feel. Many of the architectural features were worthy of today’s buidlings.”
The sale was conducted via the sale of the owning company, Cleveden Care Ltd, with HPC acting on behalf of its shareholders. Ian Wilkie added, “it was a real pleasure to work with the vendors, and the team at HPC wish them well in their future retirement from the care sector.”