We are pleased to announce we have sold Morningside Residential Home, Beith, North Ayrshire on behalf of P & L Care Homes.
The property is registered for 13 residents and has planning permission for additional bedrooms.
It was purchased by Toor Investments Ltd for an undisclosed sum.
Gary Walton who handled the sale commented "After extensive research, I identified this property as an ideal opportunity for a first time buyer as the home could be extended at various stages. I am now delighted that Toor have purchased the property."
Mr Afsul from Toor Investments commented
"We have been keen to enter the sector for a few years but with bank funding restricted we had to find the right opportunity which was not only suitable to us but to a lender. When Gary kindly approached us at the outset, we sought to tie up the deal very quickly as we knew this home fitted our lenders requirements".
Gary finally said
"We are starting see the emergence again of new entrants to the sector and this should help to see an increase in transactional activity in Scotland for 2011"
For further information contact Gary Walton on 0141 333 6564