Specialist business property adviser Christie & Co has completed the sale of Oaklands Care Home in Waterlooville, Hampshire to local operator Bethesda Healthcare Limited.
The converted home, which is registered for 31 residents, provides 21 single and five twin bedrooms, 12 of which include en suite facilities.
The property, which has planning permission for a further 19 bedrooms, was sold on behalf of Tim and Vicky Maloney.
Charles Phillips, Director at Christie & Co’s Winchester office, who handled the sale, said: “Oaklands generated a high level of interest from local and national care operators when we brought it to the market, in part was due to its good trading position and also the planning permission to expand its capacity.
“It has been a pleasure acting for Tim and Vicky and we are delighted to have achieved a sale for them to Bethesda Healthcare. This is the second care home we have sold to the purchaser and with their local knowledge, we are confident that they will be very successful.”
Daniel Agoye, General Manager of Bethesda Healthcare Ltd, added: “We are delighted to be purchasing this well performing care home and we wish Tim and Vicky a relaxing, well-earned retirement. Oaklands is an ideal purchase for our company as it links well with our three other care homes in the general area and we look forward to working with our new residents, their families and staff.”