The former Shandford care home, in Budleigh Salterton, will return to auction on Wednesday (December 16) with £50,000 shaved off the original guide price after it failed to reach its reserve at November’s sale.
The detached 26-bedroom building and grounds will be auctioned through Savills with a freehold guide price of £700,000.
Last month Abbeyfield, who took over the former Shandford care home, said it planned to ‘reconsider the level of the reserve’ and return the property to auction before the end of the year.
The property had been for auction with a guide price of £750,000, but did not sell.
The Abbeyfield Society recently 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.
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