Specialist business property adviser, Christie & Co, has brokered the sale of a development site with full planning consent for a start-of-the-art care home development.
Award-winning developer, Frontier Estates Limited, has gained planning consent following an appeal process for a 70-bedroom care home on Cove Road in Fleet, Hampshire.
The consented care home will comprise en suite wet rooms to all bedrooms and resident amenities, including a café, cinema, hair and beauty salon, a choice of lounge and dining rooms, balcony and terrace access, and landscaped gardens.
The site has been purchased by Oakland Care provider, which plans to complete construction in 2027.
Oakland Care develops and operates care homes across the South East of England providing residential, nursing and respite care.
Richard Dooley, director of Development of Oakland Care, said: 'The site provides us with a great opportunity to expand our portfolio of homes across the wider southeast area. The new home will form part of our new strategy of developing all electric-powered, net zero homes which will be BREEAM accredited.'
Jordan Rundle, Director – Healthcare Investment & Development at Christie & Co, comments: 'Frontier Estates has achieved yet another excellent planning consent, and the sale to Oakland will introduce a best-in-class care home to Fleet. Demographic analysis identified a significant demand for elderly care home beds in the catchment which is predicted to grow materially over the next five years. It is clear that, once built, this new and exciting care home scheme will provide a much-needed service to the local community. Oakland is well positioned to serve the growing requirement for market-standard beds in the area with their existing presence in the region, and we look forward to seeing the scheme come forward in the coming months.
The site was sold for an undisclosed amount.