Carterwood advises on another market leading development deal for Frontier Estates

Carterwood have concluded yet another development deal on behalf of Frontier Estates, with the sale of a development site with full planning permission in Cumnor, Oxford to Hamberley Developments.

The site has full planning permission for a 70-bed care home and benefits from exceptional prominence, set within a wealthy suburb of Oxford. The wealthy population, shortfall of market standard bedspaces and evidence of high average fees, within both the nursing and residential care sectors, blended to create an outstanding development opportunity.

Michael Mansell, Director of Frontier Estates, commented:
“Upon receiving instructions Carterwood ran an efficient and targeted marketing process which attracted competitive bidding from several leading national care home operators. Carterwood generated bids within a week of receiving their instructions and we were highly satisfied with their performance.”

Tim Street, Director and Founder of Hamberley Developments, added:
“Our familiarity with the Carterwood research which accompanied this sales instruction meant that upon receiving details of the opportunity we were able to make a quick and confident purchasing decision. The site represents an excellent opportunity for Hamberley to deliver the best home in Oxford.”

Matthew Drysdale, Principal Surveyor at Carterwood, concluded:
“We are delighted to have assisted in the sale of this landmark sales instruction. The speed in identifying the purchaser in addition to the land value that resulted from the competitive bidding is illustrative of the level of demand for the highest quality care home sites.”

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