Former North Wales care home brought to the market
Specialist property business adviser, Christie & Co has brought to the market The Old Vicarage, a former nursing home in the North Wales town of Pandy Tudur, near Llanrwst in Conwy.
Situated within 2.83 acres of private grounds, the property originally operated as a hotel before being converted into a nursing home. The present owners acquired the home in 2012. Whilst operational, The Old Vicarage provided residential and nursing care for 27 residents. Unfortunately, in 2018 the roof at the front of the property suffered severe damage as the result of a fire. The home subsequently closed and is now in need of repair and refurbishment work before it can be returned to use.
The Old Vicarage has been owned by the current operator for the past five years, and they are now seeking a sale in order to retire. They comment, “It is with sadness that we have to sell the nursing home that has been a home from home for so many local people over the years. The home was a highly regarded and well-loved asset for the local community and has the potential to be a very profitable business for the right investor. The demand for nursing homes in this part of North Wales is high and the workforce, who had to find alternative employment after the fire, are eager to return to the home should it become operational again. We would be very willing to support and share information with any interested parties who wish to redevelop the property as a care home.”
James Knight, Business Agent at Christie & Co, who is handling the sale, comments, “The Old Vicarage offers numerous possibilities for potential purchasers. Prior to closing, the home enjoyed an enviable reputation within the local community as well as consistently full occupancy. For those wishing to reinvest, there remains the basis of a strong care business. Alternatively, the large plot size and serene location also make the site attractive for redevelopment – with residential use, a hotel, holiday lets, or a retreat of some sort all being viable options. As such, we expect this opportunity to attract interest from numerous parties.”
Christie & Co is inviting offers for the freehold interest of The Old Vicarage.
