A care home in Yeovil has been sold to a new entrant to the care sector.
Specialist business property adviser, Christie & Co has brokered the sale of Compton View Care Home in Yeovil, Somerset to new owner Dr Paul Edwards, who will co-run the site.
Having decided to retire after owning and operating the home since 2003, Paul and Lindsay Haimes instructed Christie & Co to confidentially market the home which is situated in a residential area on the outskirts of Yeovil. It is registered for 18 clients in 17 bedrooms of which 13 have en suite facilities.
Dr Edwards will run the home along with Lindsay Haimes who will stay in post as registered manager to ensure continuity for the residents and a smooth handover.
Simon Harvey, director at Christie & Co, who handled the sale commented: “Paul and Lindsay had developed an excellent business at Compton View with a strong reputation and we are delighted to have assisted them with their retirement plans. We are equally pleased to welcome Dr Edwards to the sector and wish him every success for the future with Compton View.
“This sale continues to highlight the ongoing demand for good quality and well run care homes across the South West which appeal to first time buyers and that banks are equally keen to support. As things currently stand, we see this demand continuing where the mix of quality, trading performance and location fits the buyer’s criteria.”
The freehold interest in the property and trading limited company was sold for an undisclosed sum and the deal was supported by funding from Barclays.
In its latest CQC inspection, Compton View Care Home was rated as Good overall.