Former care home to re-open as specialist centre under new ownership

A former nursing home in Wolverhampton is to re-open as a specialist care facility after being bought for an undisclosed sum.

Specialist business property adviser Christie & Co oversaw the sale of The Sycamores comprising 84 single bedrooms, all with en suite facilities.

The business was operated by its previous owners until October 2020, when they decided to close the home to concentrate on their larger estate in Scotland.

It has been purchased by a Birmingham-based operator which plans to refurbish the property and reopen it as a specialist care centre.

Paul Reilly, director at Christie & Co who handled the sale, said: “The home was launched for sale in February 2021 and attracted considerable interest from both regional and national care operators and local developers for alternative use.

“We completed over 30 viewings and invited offers and, following a first round bid, we received nine offers all in excess of the guide price, inviting the best buyers to a final round of offers which resulted in the sale to the new owners who intend to refurbish the property and reopen it as a specialist care centre.

“Demand for care continues to outstrip supply with both trading and non-trading homes in the West Midlands.”