GLP oversees successful home remarketing

Posted on January 1st, by editor in Caring Times. No Comments

Some care home owners are taking very positive steps to increase the saleability of their homes to achieve sales in what some consider to be a difficult market for the smaller residential care home. Fiona Gilbert, of specialist healthcare agents GLP, recently dealt with an example of this in the sale of Rosegarland in Bradford. Originally marketed as a 26-bed nursing home, it had five triple, five twin rooms and one single room ­ quite obviously it would not comply with the 80:20 ratio of single to twin rooms required under the new minimum standards. The home did, however, benefit from a passenger lift to all three storeys and had an excellent trading record and reputation, high occupancy rates and a very committed and loyal bank of staff. “With advice from GLP, the owners, Mr & Mrs Howley, made the financial decision to carry out fairly substantial structural alterations to the home and had it re-registered as a residential home for 18 residents in 14 single and 2 twin rooms,” said Ms Gilbert. “Having reali

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