Thu, 23 Feb 2023 | COMMERCIAL PROPERTY
A former care home in Cwmbran, Monmouthshire has been put up for sale with an asking price of £750,000 after the company that operated it fell into administration. The former Llanyravon Court Nursing Home was owned by Llanyrafon Court Limited, which entered liquidation in January 2023.
Joint liquidators Chris Stevens and Steve Baluchi of FRP Advisory have now engaged Christie & Co to market the home for sale. The freehold interest of the property, which has remained empty since it closed for trading in November 2022, is being sold on a closed basis with vacant possession and all fixtures, fittings and goodwill included.
The nursing home was originally constructed in the late 1980s and an additional extension was added in 2008. The property traded as a three-storey nursing home, featuring 50 bedrooms, 41 of which included en-suite WC facilities, and also has a rear enclosed garden.
The sale is described as an excellent opportunity for an existing care provider to expand their portfolio by reopening the property as a care home. According to Christie & Co, the 10 kilometres surrounding the property have an undersupply of compliant bed spaces, as well as a higher-than-average 65+ age demographic, meaning that demand would be high in the local community.
The sale process is being handled by Christie & Co Associate Director – Care Oliver McCarthy, who commented: "We're seeking unconditional offers for this large Cwmbran care home which would suit elderly care providers, specialist care providers, and also developers, subject to the necessary consents."
Read about M&A in the UK care sector.
One of the best ways to find properties below market price is to look at recent administrations.
Find businesses for sale here.
The business commenced activity in 2012 and provides high quality care to its service users, enabling them to maintain as high a level of independence as possible. The owners are very experienced in health and social care and have built a business wi...
LEASEHOLD
Established in 2013 this care provider has become very well known in the local area for the high quality, tailored care and companionship they provide. The agency strives to deliver the very best home care services in the area and prides itself in de...
LEASEHOLD
Imports an extensive selection of toys and gifts, which are sold to trade customers throughout the UK and internationally. Has established a strong reputation within its sector for its innovative product range, competitive prices and exceptional serv...
FREEHOLD
22
|
Mar
|
Cumbernauld shopping centre to go up for sale after entering administration | COMMERCIAL PROPERTY
The owner of Cumbernauld's Antonine Shopping Centre, Br...
22
|
Mar
|
Administrators seek buyer for Carmarthenshire ice cream manufacturer | ADMINISTRATION
Administrators from Grant Thornton UK LLP are seeking a buye...
22
|
Mar
|
Flybe assets and brand for sale | ADMINISTRATION
Hilco Capital has been appointed to sell the Flybe brand, fo...
Sign up to receive our acquisition alert emails to get your FREE guide
22
|
Mar
|
Manufacturing M&A hits highest level since 2016 | BUSINESS NEWS
M&A activity involving UK manufacturing businesses reached i...
22
|
Mar
|
Flybe assets and brand for sale | ADMINISTRATION
Hilco Capital has been appointed to sell the Flybe brand, fo...
22
|
Mar
|
Administrators seek buyer for Carmarthenshire ice cream manufacturer | ADMINISTRATION
Administrators from Grant Thornton UK LLP are seeking a buye...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.