Demand growing for former care homes
A former care home in Sheffield previously registered for 32 has been sold for conversion into apartments as more properties come on to the market in difficult commercial circumstances.
Silver Lodge was offered for a variety of alternative uses including specialist care, independent/supported living, conversation and re-build, inviting a lot of interest from potential buyers.
However, the home was acquired by MCH Diamond Property Limited, who intend to convert the care home into 14 apartments. These will be a mixture of 8 x 1 bedroom flats, 5 x 2 bedroom flats and a 1 x 3 bedroom flat.
Silver Lodge was appraised by DC Care’s northern region director Alison Willoughby who said: “The desirable location and great potential meant this instruction appealed to a number of buyers both in the care industry and beyond. I’m excited to see the development scheme the buyers have decided on come to fruition and look forward to working with them on other opportunities.
“There is a clear demand for similar properties for this and other buyers, and I’d welcome confidential discussions with owners of smaller closed (or closing) care homes,” she said.
Date Published: April 26, 2021