The Cottage Nursing Home in Mold, North Wales, has been sold to Rosewood Healthcare Group.
The sale was managed by Christie & Co. Rosewood currently owns six homes across Greater Manchester, Cheshire, and North Wales.
The building was originally a school but traded successfully as a care home for 30 years, housing over 50 residents. Christie describes the home as a ‘beautiful period property [which] has been extended on numerous occasions, the most recent including a wing of 24 bedrooms which was completed just three years ago.’
The home’s operating company went into administration in September 2021 and the business closed for trading the following February. Administrators appointed Christie & Co to market the property on a vacant possession basis with the benefit of a full trade inventory.
George Khanijau and Sandeep Gupta of Rosewood Healthcare Group said: “We are absolutely thrilled to acquire the former Cottage Nursing Home. There is a distinct lack of provision in the immediate area and we have exciting plans to reconfigure and refurbish the accommodation and reopen the home to provide much needed care for the elderly in the community of Mold and surrounding areas.”
James Knight of Christie & Co commented: “We’re delighted to conclude the sale of the former Cottage Nursing Home to Rosewood Healthcare Group. After a thorough marketing process, it is great to see the home sold to competent and well-established care operators looking to revamp and reopen it as a care home for the elderly.
“We witnessed strong interest from care operators as well developers and other alternate users. The market for care homes, whether open or closed, is still very competitive, with significantly more buyers than sellers, even while challenges in the sector are still prominent.”