Monmouthshire nursing home up for sale after owner goes into administration

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Thistle Court Nursing & Residential Home in Cwmbran, Monmouthshire has been put up for sale for £1.3m after its owners went into administration.

Specialist business property advisor Christie & Co is selling the freehold interest of the home.

Oliver McCarthy, Business Agent at Christie & Co, who is handling the sale, said: “The availability of this home presents a good opportunity to acquire an established business currently trading with good referrals from the local health board and local authority in an area with high demand for its services.

“Thistle Court would suit an experienced regional operator, offering a high-quality, purpose-built property with an impressive trading history.”

The purpose-built, 1990s, care home, which provides nursing care for people living with dementia, comprises 33 single bedrooms and two twin rooms.

Situated in the residential district of Ty Canol, Thistle Court is conveniently located close to major bus routes and Cwmbran station. The city of Newport, with the Royal Gwent Hospital, is seven miles to the south, while major cities Cardiff and Bristol are also within easy access.

Christie & Co research has found a significant undersupply of bed spaces within 10km of the home.

The home is currently being operated by Cornerstones on behalf of the Joint Administrators, David Shambrook and Tony Wright of FRP Advisory.

The post Monmouthshire nursing home up for sale after owner goes into administration appeared first on Care Home Professional.

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