A CLOSED care home site will be re-opened having been sold to a social impact investor following a high interest bidding process.

The freehold sale of the former Ivy Lodge care home in Bournemouth has been completed, with the property set to be re-stablished under a new operator.

Having previously operated as a learning disability home for seven residents, Ivy Lodge ceased trading in August 2021 due to an “increased workload” on its staff.

The now vacant property comprises of six en-suite bedrooms on the ground floor and one on the first floor, a large lounge and dining area, a secure safe residents’ garden, and a large garden and sizeable parking area to the front.

The home was previously owned by Acorn Lodge Ltd which decided to sell to concentrate on its other care businesses. Following a confidential sales process, Ivy Lodge has been sold to real estate investment group Grosvenor Hill – Social Impact Group.

Speaking on behalf of Acorn Lodge Ltd, company secretary Martin Druce said: “Due to increased workload, we took the tough decision to close this home and to concentrate our efforts on supporting residents in our other care home. We are delighted to have sold the property to Grosvenor Hill and we wish them all the best with their new venture.”

Grosvenor Hill director Dion Michael said: “The addition of Ivy Lodge to our UK-wide portfolio further demonstrates the commitment that we have to supporting this specialist sector and we look forward to working with all stakeholders to re-establish the property as a care home.”

Charles Phillips of Christie & Co, who handled the sale, added: “Multiple offers from a wide range of applicants were obtained during the marketing of this property, and we were very pleased with the level of interest garnered.

“This goes to show that there is strong demand for all types and sizes of care homes throughout the south of England, be that trading or closed.”

Ivy Lodge was sold for an undisclosed price.