
CARE SECTOR NEWS
Until relatively recently, the majority of care operators carried out limited, if any, local analysis prior to new development or care facility acquisition. Not only is appropriate due diligence essential for risk minimisation on any site/healthcare acquisition but it also provides significant credibility in the eyes of funding institutions.
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.