‘Outstanding’ Crediton care home sold to first-time buyer couple
Specialist business property adviser, Christie & Co, has announced the sale of Hillbrow House care home in Crediton, Devon.
Hillbrow House is an ‘Outstanding’ rated care home that occupies a well-maintained, attractive Grade II listed property with 23 bedrooms and an enclosed rear garden and patio area. It is located in a prominent position towards the outskirts of Crediton town centre.
The home has been owned by Barry and Denise Shears of Hillbrow Residential Care Home Limited who, along with their daughter, Joanna Foulstone, operated it for over 20 years. Barry and Denise were looking to sell to enable them to retire. Joanna will seek to use her skills and qualifications gained in the business management of Hillbrow to further her career progression in other spheres.
Following a confidential sales process with Simon Harvey at Christie & Co, it has been purchased by new entrants, a husband-and-wife team, Tintu Tojo and Nicy Sabastian.
Barry and Denise Shears, former owners of Hillbrow House, comment, “We bought the home in 2002 as a going concern. Hillbrow had already been in business as a care home for a number of years. At that time, we were very involved in maintaining and improving its already good reputation in the community, implementing new legislation and best practice as time went on. Joanna’s entry into the business management of the company in 2014 was a very positive step and enabled us to reduce our involvement. During the Covid period, Joanna and the staff did a first-class job of keeping our residents protected. Joanna’s husband, Lewis also joined our team during that time and gave a great amount of practical help and support on the maintenance side. So, to sum up, Hillbrow has been a family business with an ethos of serving the community. We wish Tintu and Nicy every success in their new venture.”
Tintu Tojo and Nicy Sabastian, new owners of Hillbrow House, comment, “We want to express our satisfaction with the recent purchase of Hillbrow House care home. The home has indeed met our expectations, providing a 'home from home' feeling that is both welcoming and comfortable for the residents and staff. Our primary goal is to continue the excellent work of previous owners, maintain its outstanding rating from the CQC, and ensure that the highest standards of care are given to our residents.”
Simon Harvey, Senior Director – Care at Christie & Co, comments, “We were delighted to have been entrusted with the sale of Hillbrow House on behalf of Barry, Denise and Joanna, and are equally pleased to welcome Tintu and Nicy to the care home sector in the South West – we wish them well with the continued success of the home.
“The market in the South West remains particularly active, with a significant number of other transactions currently ongoing and demand for care homes across the region being very strong, in particular where homes have a ‘Good’ or, in this case, “Outstanding” CQC rating, are trading profitably, and have an experienced Manager in post.”
Hillbrow House was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Simon Harvey, Senior Director – Care
P: 07764 241 310 or E: simon.harvey@christie.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.
