Barchester Healthcare acquires prime care home development site
Specialist business property adviser, Christie & Co, has announced the sale of a prime care home development plot in Bath to Barchester Healthcare.
Image credit: Harris Irwin Associates
The site is situated in a prominent corner location on the junction of Oldfield Road and Monksdale Road in Bath, only 1.6km from the River Avon, Bath Spa station and the city centre. Following positive pre-application and design discussions with the Local Planning Authority, a planning application was submitted for a 68 bedroom ‘best in class’ corporate style care home design with 100 per cent en suite wetroom facilities and a south west facing secured courtyard garden. Following an initial refusal, the planning application was consented at appeal.
The development was brought forward by specialist developer and Retirement Village Operator, C Squared Property Developments, and has been purchased by Barchester Healthcare, an independent care provider which runs over 260 care homes and seven registered hospitals across the UK.
Julian Burgess of Barchester Healthcare comments, “We are absolutely delighted to have the opportunity to operate one of our care homes in this location in Bath. We received a tremendous amount of local support for the application, and this is a great result for us. The home will provide much needed care here in Bath, and a large number of jobs sourced from the local area too. We have over 260 care homes across the UK, and this provides another significant step in our expansion programme.”
Jordan Rundle, Director – Healthcare Development & Investment at Christie & Co, who handled the sale, comments, “Bath is an area with a significant undersupply of future proof care home beds and the historical, tightly packed nature of the city’s settlement means land supply in central locations is scarce. C Squared Property Developments has unlocked a fantastic development site which is situated close to the city centre, and the care home will be well placed to serve the rapidly increasing bed demand in the catchment.
“Congratulations to both C Squared Property Developments and Barchester for being so tenacious with the Local Planning Authority, which has resulted in securing a planning permission on appeal. The residents will no doubt enjoy the panoramic vistas overlooking the city of Bath and Cotswolds Area of Outstanding Natural Beauty in the distance, due to the development’s elevated position.”
The care development site was sold for an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Jordan Rundle, Director – Corporate Care Agency
P: 07711 767 180 or jordan.rundle@christie.com
