Croft Lodge and The White House sold to first time care home owners
Croft Lodge and The White House in Teignmouth, Devon has been sold through specialist business property adviser, Christie & Co on behalf of FRP Advisory LLP and Langton Care Ltd.
The pair of adjacent care homes presented an excellent opportunity for first time entrants and existing operators, with significant interest being shown and multiple offers received following a full and open marketing campaign.
Croft Lodge and The White House have been acquired by Centrum Group, an Outstanding rated domiciliary care agency operated by two brothers, Tushar and Mehul Shah. Tushar and Mehul are seeking to grow their care home portfolio and found Croft Lodge and The White House to be an excellent fit.
Simon Harvey, Director at Christie & Co’s Exeter office commented, “We are delighted to having assisted the administrators in selling the business and we wish Tushar and Mehul well with their first care home acquisition. The sale of Croft Lodge and The White House continues to show the appetite that exists in the county and the wider South West region.”
Croft Lodge and The White House were sold off a guide price of £1,950,000.