Holywell Park is a large country house dating back to the 17th century. Set in its own stunning grounds, all rooms have views of the gardens and surrounding countryside.
Bespoke Care discretely marketed the care facility and a sale was agreed in mid May 2017. The sale was tightly managed and with Buyacarehome industry experts, Dan Corker of Windles Solicitors, Tony Hornsby of Mitchells Chartered Accountants and Jonathon Read of Chandler & Co, Independent Finance Brokers progressing matters swiftly over the summer period, the transaction concluded within a few months.
The first floor has been placed and is awaiting the second storey brickwork. The internal design finishes are nearing completion and mains mechanical and electrical installations will be commencing over the next few days. Work is also underway in completing the detailing for the roof structure on the new building.
Care homes remain a very attractive asset according to the latest market update from Savills Healthcare. But the real estate advisors say 9,000 beds were lost in 2016 compared to only 6,000 new beds being built.
Savills notes that the long indexed income with either RPI or fixed uplifts have made an appealing proposition for investors struggling to find similar opportunities in the mainstream markets.