Sale and leaseback helps Worcestershire charity raise capitalJuly 2023
Worcestershire commercial property consultancy GJS Dillon has completed the sale and partial leaseback of a Worcester office building.
Acting on behalf of Crossroads Caring for Carers, Kyle Pugh Graduate Surveyor at GJS Dillon, sold the freehold of the offices in Weir Lane in Worcester to Care2Recruit. The transaction enabled the vendor to sell their building and enter into a lease of part of the premises.
Crossroads, a Charity offering practical support for family-based carers and people with care needs, will remain in occupation alongside the purchaser. Care2Recruit specialises in temporary and permanent Health and Social Care Recruitment. The arrangement has benefits for both parties since they are in complementary sectors.
The premises consist of a 5,578sq ft single storey unit with self-contained offices, workshop and training space.
Roger Garland, Chief Executive at Crossroads said ‘The sale and partial leaseback arrangement has worked out well for Crossroads. Our financial security has been assured and we have been able to remain at the same location.’
Kyle says ‘Many charities and business owners may not have considered sale and leaseback of their freehold but it is a great way for them to raise capital quickly. It also offers a way out for those approaching retirement, as if you have someone in place to take over the business after you retire, it’s just a question of a change of landlord.’
Any Worcestershire commercial property owner interested in finding out more about sale and leaseback is invited to contact GJS Dillon for a general no-obligation discussion on 01905 676169 or via email at firstname.lastname@example.org
Anyone interested in working for Crossroads in supporting elderly or disabled people in the community should contact Crossroads for a no-obligation discussion on 01905 729293 or via email at email@example.com.Return to News