Liquidators for Lansdowne Care Home in Hampshire have successfully managed to sell the property, but confirmed that it will no longer function as a care home in future.
The Winchester office of specialist business agent, Christie & Co, oversaw the sale, which was carried out on behalf of Chris Parkman and Lisa Alford of Purnells Insolvency Practitioners in Dorchester.
They said a strong level of interest was expressed in the site from applicants looking to re-register the property as a care home, as well as interest from residential developers looking to obtain change of planning.
However, due to the size of bedrooms and cost of upgrading and refurbishing the property, re-registering the building was deemed unviable by those potentially looking to re-open it as a care home.
The eventual purchaser was a residential developer who plans to convert the property for residential use.
Charles Phillips, director at Christie & Co who handled the sale, said: “We received a large amount of interest in Lansdowne Care Home, showing strong demand for opportunities like this across the south of England from both care operators and residential developers.”