Specialist business property adviser, Christie & Co, has completed the sale of Holmhurst Care Home, a well-established specialist care home in Southampton, Hampshire in a deal funded by Christie Finance.
Holmhurst Care Home is a large detached two-storey dwelling with a single-storey extension to the rear. The care home is registered for 16 service users in the category of Mental Health, and benefits from 12 single and two twin bedrooms. The property had been regularly updated and refurbished since it was purchased by its previous owner, Sue Boyes, in 2005.
Sue said: “I have enjoyed owning Holmhurst Care Home and looking after the residents, however, I decided it was time to retire and instructed Christie & Co to market the business for me. Although the process has taken a bit longer than expected, in part due to COVID-19, I am delighted to have achieved a sale and believe the new owners will continue to run the business successfully.”
Holmhurst was sold to a first-time care home buyer, Dr Arti Patel, who said: “We are thrilled to have completed the purchase of our first care home and look forward to working with all those involved in the business. It was the specialist nature of Holmhurst that drew us to it, and we are looking forward to carrying on Sue’s good work.”
Charles Phillips, Director at Christie & Co, who handled the sale, added: “We are so pleased for Sue to have completed on the sale of her business during the pandemic. This sale shows that there is still demand for care homes and that interest to enter the sector is still being expressed by first-time entrants, such as Nick and his colleagues. We wish them all the best in the future, and wish Sue a happy retirement.”
Holmhurst Care Home was sold at an undisclosed price.