Specialist business property adviser, Christie & Co, has announced the sale of Faringdon Lodge in Romford, Essex, to National Housing Group.
Faringdon Lodge is a closed care home comprising 23 bedrooms, 14 of which have en suite facilities, on 0.343 acres of land. The site is located on a secondary road in Romford which consists of a mixture of commercial and residential properties. Subject to planning permission, the property has plenty of potential for conversion and development. The business was previously owned by TL Care (Havering Limited), who decided to sell to concentrate on its 40 en suite bedroom care home, Meadowbanks, in Upminster.
Faringdon Lodge has been purchased by National Housing Group, a recently established company that works in partnership with national housing associations, councils, and charities.