Specialist business property adviser, Christie & Co, has announced the sale of Colbury House nursing and residential home near Totton, Hampshire to care home operator, Park Healthcare.
The sale of the 51-bed care home, which was made through funding sourced by Christie Finance, took place after previous owner, Colbury Care, went into administration in November 2019.
Park Healthcare Ltd, Managing Director, Mr Ramesh Dalton, said: “Having purchased Hays House NH and Hays Park Retirement Apartments in Dorset through Charles at Christie & Co a few years ago, we started to look for another opportunity and Colbury House was of interest straight away.
“Whilst it will take a bit of time to improve the property and business, we believe this will be an excellent care home and we are looking forward to working with the staff and families to make lives better for our residents.”
Charles Phillips, Director at Christie & Co, who handled the sale, added: “We were delighted to act on behalf of BDO and were very pleased with the high level of interest and multiple offers received for this property.
“It has been a pleasure working with Mr Dalton again and we hope he will be ready to purchase another home soon through us. With the assistance of Christie Finance which sourced funding, we are very pleased to have reached the successful completion of this sale.”