Specialist business property adviser Christie & Co has completed the sale of the Rozelle Nursing Home in Abergavenny, Monmouthshire.
The home, which is registered to provide nursing and dementia care for 24 elderly residents, was sold to Mr BP Khanal who owns Avenue Road Care Home in Abergavenny and Ashton Park in Newport.
Mr Khanal said: “We are absolutely thrilled to acquire such a well-run care home in Abergavenny and we look forward to working with the team to provide the very best care at Rozelle.”
Rob Kinsman, Regional Director of Christie & Co’s Bristol office, added: “We are delighted to conclude this deal to Mr BP Khanal who was a natural fit for Rozelle given his experience and knowledge of the area. We wish Mr Khanal and his team all the very best at Rozelle.”
The home was purchased from former owner Dr Mankal after he elected to sell the business.
The deal was funded by the Barclays Bank healthcare team in Cardiff.