Christie & Co sell Stoke-on-Trent care home to existing operators
Specialist business property adviser, Christie & Co has completed on the sale of Elizabeth House Care Home, an established residential care and dementia home in Werrington, Stoke-on-Trent, situated on the edge of the Staffordshire Moorlands district to existing operators.
Elizabeth House sits on expansive grounds with several enclosed courtyards and gardens. Management run and registered for 35 residents, the extensive home boasts 29 bedrooms on the ground floor and six bedrooms on the first floor, three lounge areas, dining area and treatment room/hairdresser.
Previous owners, Mr & Mrs Fradley owned the home for around 20 years and are now looking forward to their retirement.
Tamara Gee, Senior Business Agent at Christie & Co handled the sale and comments; “It is a pleasure to see Mr & Mrs Fradley now able to fully enjoy their retirement and I wish them and the new owners the best of luck for the future. Care homes in Staffordshire always attract a strong interest, as we find that a lot of local operators are keen to expand their existing portfolios.”
Elizabeth House Care Home was sold off a guide price of £1.6m for the freehold interest.