Bidwells were instructed to market the property to a wide spectrum of possible purchasers to achieve the best price for the client.
What we did
- Initially assessed the potential for redevelopment to maintain the existing use
- A decision was made to close the home, and the property was placed on the market with a variety of end use
- We ensured the property received wide exposure and identified a variety of potential purchasers from across the country in sectors including residential, care, student accommodation and offices.
We received 40 different proposals, both conditional and unconditional,via a competitive bidding process
The successful party was a long established Cambridge institution, St Mary’s School, an independent Christian School of Catholic tradition for conversion to a boarding school
The sale was unconditional.
care home set in 1.36 acres