The sale of the former Aldington House Care Home in October 2017 was the third that our Corporate Asset Services team concluded on behalf of a private care operator in a three month period.
The redundant 'span' property sits on Blackheath's prestigious Cator Estate - one of the most sought-after residential locations in South London. Arranged as 32 bedrooms and extending to over 10,000 sqft, our instructions were to secure the best possible price on an entirely unconditional basis.
A typically high profile and thorough marketing campaign was undertaken, but we anticipated that a local buyer would be best placed to understand the true value. Purelake New Homes have developed hundreds of residential units in Greenwich, bid almost 25% over the guide price and committed to exchange contracts within 10 working days.
Proving true to their word Purelake quickly concluded their acquisition, and at the time of writing are finalising their development proposals for the site.
PROJECT ADDRESS: Aldington House, 107a Blackheath Park, Blackheath, London SE3 0EX
CLIENT: Private Developer
SALE PRICE: £3,100,000