Hampshire care home sold to regional operator through Christie & Co
Specialist business property adviser, Christie & Co has completed on the sale of Arbory Residential Home, a well established and highly regarded care home in Andover, Hampshire.
Arbory Residential Home comprises of an original manor house which features 21 bedrooms and a separate, three storey building which was purpose built in 2006 and offers 38 bedrooms, with the business registered for 60 residents altogether. In April 2018, planning permission was obtained to increase the total registration to 81 through an extension to the purpose built facility which will benefit from a café, cinema, activity room, various lounges and additional bedrooms.
Externally, the 1.85 acre site also features attractive and secure gardens to the rear, with flower beds and vegetable gardens, offering a well-kept outdoor space for both residents and families to enjoy.
Previous owners, Vishal Shah and Barry Sweetbaum, Directors of Banyan Residential Care Ltd, purchased the business in 2008 and since then have undertaken a series of upgrades and improvements which have made Arbory the home of choice for those with dementia within the community. Having built up a sterling reputation, the home and its team are often asked to present at events such as the National Alzheimer’s Show and due to its dementia specialism, it plays a strong part within Hampshire Dementia Action Alliance.
Vishal and Barry comment, “We have thoroughly enjoyed owning and operating Arbory Residential Home for the last 11 years and are extremely proud of what the home has become. The Arbory benefits from a hugely loyal and hard-working team at all levels and it is thanks to their dedication that the Arbory has earned its reputation for having such a positive impact on the lives of the residents living there. We are pleased to be handing the reins of this wonderful home to Coate Water Care who we know will help it go from strength to strength.
New owner, Geraldine Smith, Founder of Coate Water Care which operates care homes across the West of England, comments, “Coate Water Care is a family-run care home provider with welcoming and highly-rated nursing and residential care homes for the elderly located in Swindon, Wiltshire, Warwickshire, Worcestershire and Gloucester. We specialise in providing personalised care for people who are living with dementia. Arbory Residential Home, with its dementia specialism and convenient location, is a natural purchase for us and we look forward to building on the good reputation that Vishal, Barry and the dedicated staff team have built up.”
Charles Phillips, Director at Christie & Co’s Winchester office handled the sale and comments, “Vishal and Barry are both very experienced within the care home sector having worked with a number of national operators in the past. Their experience and knowledge have been shown with how they developed and improved Arbory since their purchase in 2008. We were delighted to be instructed to sell the business for them and the home garnered a good level of interest from both national and local care home operators and investors. We believe that the business is a perfect fit for Coate Water Care and expands their presence into a new county. We wish Geraldine and her team every success.”