3/29/2017 | Care

Compton View Care Home in Yeovil sold to first time entrant

Specialist business property adviser, Christie & Co has brokered the sale of Compton View Care Home in Yeovil, Somerset to new entrants to the care sector.

Having decided to retire after owning and operating the home since 2003, Paul and Lindsay Haimes instructed Christie & Co to confidentially market the home which is situated in a residential area on the outskirts of Yeovil. It is registered for 18 clients in 17 bedrooms of which 13 have en suite facilities.

The new owners are Dr Paul Edwards and his wife, Mrs Jacqueline Edwards and Jacky will run the home.

Simon Harvey, Director at Christie & Co who handled the sale comments, “Paul and Lindsay had developed an excellent business at Compton View with a strong reputation and we are delighted to have assisted them with their retirement plans.  We are equally pleased to welcome Dr Edwards to the sector and wish him every success for the future with Compton View.

“This sale continues to highlight the ongoing demand for good quality and well run care homes across the South West which appeal to first time buyers and that banks are equally keen to support.  As things currently stand, we see this demand continuing where the mix of quality, trading performance and location fits the buyer's criteria.”

The freehold interest in the property and trading limited company was sold for an undisclosed sum and the deal was supported by funding from Barclays.