CJS (Northampton) Ltd have purchased a Victorian former nursing home, with the plan to convert the building into supported living flats.
Care homes specialist Salim Lalani, a director of CJS Care (Northampton) Ltd, which has acquired the property with vacant possession for £710,000, will now oversee a six month conversion of Trinity House into 14 flats.
He also owns Stepping Stone Care Homes which has three other similar facilities in the Northampton area.
Thursfields Solicitors advised the purchaser. Senior associate Stewart Coles, a commercial property lawyer in Thursfields’ Halesowen office, led the team.
Stewart Coles said: “We were introduced to Mr Lalani by the selling agent Redwoods Dowling Kerr due to our reputation and expertise in dealing with care homes.
“The buyer was given a short ‘exclusivity period’ in which to exchange contracts, meaning that we had to act quickly to get the deal done within the required timescales. We were instructed at the end of October, exchanged contracts on 22 November and completed on 16 December.”
Mr Lalani said: “Thursfields quickly understood the deal and the time constraints and Stewart Coles kept us in touch with the process through to completion, demonstrating their understanding of the particular requirements of the care home sector.”