In April, East Lindsey District Council approved plans for the two-storey, 66-bed care home which will be built on a plot alongside the residential development at Westfield Park, off Grimsby Road in Louth.
Plans for the purpose-built residential care home include individual rooms with en-suite facilities, communal spaces for socialising, dining and recreational use, car parking, landscaping, and a secure bike store.
In a deal brokered by Christie & Co, Charterpoint has now sold the site to LNT Care Developments, which has a portfolio of care homes specifically for the care of older people in a number of locations across Yorkshire, the Midlands and the South.
Adrian Goose, Chief Executive of the Charterpoint Group which is based near Nottingham, said: “We are delighted to have completed the sale of this superb site on the edge of Louth.
“It is in an ideal situation - the perfect place to build a modern care home offering excellent facilities to residents.
“Operator demand for care home development opportunities has proved resilient pointing to an accelerating trend for purpose-built facilities.”
Jordan Rundle, Associate Director at Christie & Co who handled transaction, said: “This site is ideally located for a new purpose-built care home being situated opposite the Louth County Hospital, close to town centre amenities, and adjacent to the Lincolnshire Wolds Area of Outstanding Natural Beauty.
“Christie & Co are delighted to have brokered the sale to LNT on behalf of Charterpoint Senior Living, and we look forward to working with both parties again in the near future.”