A CLOSED nursing home site will be reopened after being sold to a social impact investor following a high-interest bidding process.
The freehold sale of the former Ivy Lodge care home in Bournemouth has been finalized, with ownership to be reinstated under a new operator.
Having previously operated as a learning disabilities home for seven residents, Ivy Lodge ceased operations in August 2021 due to an “increased workload” for its staff.
The now vacant property comprises six en-suite bedrooms on the ground floor and one on the first floor, a large living and dining room, a secure garden for residents, a large garden and ample parking to the front.
The house was previously owned by Acorn Lodge Ltd, who decided to sell to focus on their other care businesses. Following a confidential sale process, Ivy Lodge has been sold to the Grosvenor Hill property investment group – Social Impact Group.
Speaking on behalf of Acorn Lodge Ltd, company secretary Martin Druce said: ‘Due to increased workloads we have made the difficult decision to close this house and focus our efforts on supporting the residents of our other care home. We are delighted to have sold the property at Grosvenor Hill and wish them the best in their new venture.
Grosvenor Hill Director Dion Michael said: “The addition of Ivy Lodge to our UK-wide portfolio further demonstrates the commitment we have to supporting this specialist sector and we look forward to working with them. all stakeholders to reinstate the property as a care home. .”
Charles Phillips of Christie & Co, who handled the sale, added: “Several offers from a wide range of candidates were obtained during the marketing of this property, and we were very pleased with the level of interest aroused.
“It shows that there is strong demand for all types and sizes of care homes in the south of England, whether commercial or gated.”
Ivy Lodge was sold for an undisclosed price.