Weston-super-Mare nursing home sold after almost 40 years
Specialist business property adviser, Christie & Co, has announced the sale of Annabel House Nursing Home in Weston-super-Mare, Somerset.
Annabel House is a well-established nursing home which occupies an attractive detached period property that has been modified and extended over the years to provide accommodation for up to 30 residents across 27 bedrooms. It is located in a predominantly residential area of the popular North Somerset coastal town of Weston-super-Mare, approximately 20 miles southwest of Bristol.
The home was founded in 1987 by Dr Martin Wyatt who also built and opened St George’s Nursing Home in the town which he sold through Christie & Co in 2019. He recently decided to sell Annabel House in order to pursue a well-earned retirement from the care sector.
Following a confidential sales process with Christie & Co, the home has been purchased by Rakhi and Pritesh Ruparelia who own Ellenborough Residential and Nursing Home, also in Weston-super-Mare, which they purchased in early 2020. The pair have overseen a steady improvement in that business and felt that the time was right to expand with Annabel House, offering excellent synergy to their existing business.
Dr Martin Wyatt, former owner of Annabel House, comments, “I would like to wish the new owners every success and happiness.”
Rakhi and Pritesh Ruparelia, new owners of Annabel House, comment, "We are delighted to have acquired Annabel House, a business offering the highest standards of care. We look forward to continuing to make a difference in so many people’s lives and growing the business further.”
Simon Harvey, Senior Director – Care at Christie & Co, who handled the sale, comments, “Having acted for Martin in his previous disposal, we were delighted to, once again, be favoured with this instruction and, after the targeted marketing campaign which generated significant interest and numerous offers, a sale was agreed. As with many, relatively new, entrants to the market, Rakhi and Pritesh have developed an excellent understanding of it and the opportunities that exist and, as a result, have decided to grow with the acquisition of Annabel House.
“We are pleased to report that, whilst activity across the whole market remains strong, appetite for well-run homes in convenient locations with good reputations, such as Annabel House, remains positive. We wish Martin, Rakhi and Pritesh well with their future plans.”
Annabel House Nursing Home 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 care listings.
