The former Shandford care home, in Budleigh Salterton, will return to auction in December after it failed to reach its reserve at this month’s sale.
Will this publicly subscribed for asset now go for a song? Are we witnessing the start of the property crash that will surely follow the Covid-19 economic crash? – Owl
Author Becca Gliddon eastdevonnews.co.uk
The detached 26-bedroom building and grounds was on Tuesday, November 4, auctioned through agent Savills, with a freehold guide price of £750,000.
Abbeyfield, who took over the former care home, said the site – with off-street parking, rear garden, ground, second and first floors and ‘further potential subject to the usual consents’ – will be for sale in December after the auction reserve price has been reassessed.
A spokeswoman for Abbeyfield said: “Abbeyfield plans to reconsider the level of the reserve and return to auction in December.”
The Abbeyfield Society last week revealed how proceeds from the sale of the site will be given to newly-formed registered charity The Shandford Trust, to support older people in need who live within the area of Budleigh Salterton and the villages of East Budleigh, Otterton, Colaton Raleigh and Bicton.
The Trust will be managed by a board of trustees drawn from the local community and one from The Abbeyfield Society.
When the funds become available, a new website will be launched to highlight the charity, its work, who can apply for financial support and how to apply.
The former care home, in Station Road, was permanently closed in March 2020, during the coronavirus lockdown and residents were moved to other care homes.
At the time, Abbeyfield said the decision to close Shandford was ‘with great regret’ and taken after a lengthy review of the service which took into consideration the future of the care home, finding it was ‘not a viable option’ to keep open.
It said the decision to close was the result of a detailed review of the infrastructure, building condition and financial performance of the home.
A community drive by Budleigh residents to set up a Community Interest Company to run Shandford as a not-for-profit venture, with public volunteers and annual subscriptions, attracted ‘significant support’ but did not progress.
For more information about Registered Charity Number 1192048 The Shandford Trust, email email@example.com