Aspire delivers luxury care home development site in Downham Market
Specialist business property adviser, Christie & Co, has announced the sale of a site with the benefit of a full planning consent in the market town of Downham Market, Norfolk.
Image: Phil Crowton, White Crow
Aspire LPP identified that the catchment had a significant undersupply of market standard care beds, and subsequently achieved planning consent within a six-month timeframe for the demolition of existing properties and the construction of a 72-bedroom care home (C2 Use Class) with associated landscaping and parking on the circa 1.2-acre site.
Situated in a highly prominent gateway location to the market town, which is currently undergoing development to include a supermarket and café, the consented care development is well placed to benefit from desirable community amenities and the nearby high street.
Following a market-wide sales process, the development site has been sold to one of the largest care home providers in the UK.
Speaking on behalf of Aspire, Managing Director, Michael Lucas, comments, “Aspire is delighted to have delivered this best-in-class care home development site in Downham Market. This project represents one in a pipeline of care home developments which Aspire is delivering to the market during 2022 and beyond. We are proud to play a significant role in providing this new care home to the Downham community. Aspire has again demonstrated its ability to work at local level with the community and key local stakeholders to achieve unanimous support at planning committee, within a six-month timeframe.”
Jordan Rundle, Director – Healthcare Development at Christie & Co, who handled the sale, comments, “The catchment for Downham Market has a material shortfall of 188 market standard care beds, which is forecast to increase to 290 by 2031. Aspire LPP has delivered yet another planning permission in a seamless fashion and this best-in-class scheme design will provide future-proof accommodation for the growing need in the town and surrounding area. The buyer, an award-winning operator, will be perfectly placed to bring the scheme forward.”
The Downham Market 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 - Healthcare Development & Investment
T: 07711 767 180 or E: jordan.rundle@christie.com
Visit Christie & Co’s Business Search page to find out more about current care development listings.
