Vacant Cork nursing home sells for excess €2.1m

Ex Padre Pio Nursing home Churchtown sold excess €2.1m

A deregistered and vacant 50-bed nursing home in North Cork’s Churchtown previously operated by the Aperee group has sold for over €2.1m.

It has been acquired by an operator with another nursing home in the same village, and aims to reopen in by December of this year.

The sale to Windmill Healthcare has completed of the ex-Padre Pio nursing home on 5.44 acres in Churchtown. It has 50 beds across 47 bedrooms and had planning permission granted in 2021 for a further 31 bedrooms too, with further possible development scope on some of the lands.

New owners of the former Aperee-run home (which was built in the 1990s,) Windmill Healthcare, have six other Irish nursing homes: Windmill House in Churchtown, as well as care homes in Limerick (Abbot Close in Askeaton, and Newcastle West’s Killeline), WillowBrook in Castleisland, Kerry, Clarinbridge in Galway and Ferbane, Offaly.

Windmill Healthcare’s LinkedIn profile posted to say they hope to reopen the former Padre Pio care centre in Cork’s Churchtown in December.

The former Aperee home was put for sale for a receiver as part of a portfolio for four ex-Aperee owned homes with a combined €8m guide via agents Margaret Kelleher and Edward Hanafin of Cohalan Downing, with other sales in that bundle also progressing.

Churchtown’s care centre was bought individually for just over its €2.1m AMV following a tender date in June. The same agency previously sold another bundle of five diversely located nursing homes for a combined €9m.

DETAILS: 021-4277717, cohalandowning.ie.