Salvation for £2.2m closed Bucks home with Salveo Care acquisition
Salveo Care has acquired the closed Chiltern Court care home in Buckinghamshire off an asking price of £2.2m with a view to building a new facility.
The site one kilometre to the north of Wendover formerly occupied a period property connected to a purpose-built two-storey extension with a total of 48 bedrooms, 29 of which have ensuite facilities.
Salveo Care, a family-run provider of nursing and residential care homes in South Buckinghamshire, plans to demolish the existing buildings and build a new site.
“Chiltern Court has been closed and derelict for a number of years and, although the current building would not meet 21st century standards, the site is in a beautiful location, nicely screened, and will make a welcome addition to the Salveo ethos for high-quality care,” said managing director Peter Evans.
“Going forward, we want to retain as much of the trees and open space as possible, but the buildings are in such a poor state of repair that we will seek planning to demolish the current mix of buildings and construct a sympathetic, purposeful design to benefit our community,” he added.
The acquisition was brokered by specialist business property adviser Christie & Co.
“I’m pleased Peter Evans of Salveo Care was the successful buyer, over the years we’ve sold other care homes to them and hope there will be more transactions in the future,” said Jordan Oborne, associate director at Christie & Co.
“The care home market in Buckinghamshire is strong, and we continue to see care home operators looking to buy, convert or build care homes with a best-in-class approach in mind.”