Residential developer buys former Isle of Wight care home

  • 23rd January 2025

Ward House Nursing Home in Ventnor on the Isle of Wight has been sold for residential development.

Originally a pair of semi-detached houses which were joined together a number of years ago, the former nursing home comprises a three-storey property with 19 bedrooms of which eight have ensuite facilities.

There is also a passenger lift accessing all floors with a large and extended lounge/dining area on the ground floor.

And rooms to the rear of the property and the enclosed garden have panoramic views over the English Channel.

Ward House ceased trading in February 2024 and RSM UK Restructuring Advisory LLP was appointed as its liquidator shortly after.

Following an open sales process with Charles Phillips at Christie & Co, the property has been sold to experienced residential developer, Johann Joubert.

David Shambrook, partner of RSM UK Restructuring Advisory LLP, said: “We were pleased with the level of interest obtained and we wish the new owner all the best with his future plans for Ward House.”

Joubert adds: “When I saw the potential of Ward House and the amazing views over the sea, I knew the property was of interest to me.

“I had been looking for a development project for a while and am excited to turn my plans into fruition.”

And Phillips said of the site: “Due to the property being closed and in such a good location in Ventnor, we obtained interest from a number of applicants looking to use the property for a variety of different planning uses, but mainly from residential developers.

“We are confident that, with Johann’s property development skills, he will be very successful with this one and we look forward to seeing the finished product in the future.”

Ward House was sold for an undisclosed price.

 

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