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28 January 2020 | Care

Christie & Co instructed to market South Wales nursing home

Specialist business property advisor, Christie & Co has brought to the market Caerleon House, a 50 bed nursing home situated in Caerleon, South Wales. This follows the appointment of Graham Randall and Chris Newell of Quantuma LLP as joint administrators of Gwent Nursing Homes Limited which operates the business.

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The business trades with 50 bedrooms on a large, level site that has exciting potential for further development, subject to the necessary consents.
 
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Graham Randall, Partner at Quantuma LLP comments, “Since our appointment as administrators five months ago, we have stabilised the business and worked with all stakeholders to improve occupancy and profitability. As a result the business is now a much more attractive proposition than it was prior to our appointment.”

Rob Kinsman, Director at Christie & Co is handling the sale and comments, “Caerleon House Nursing Home represents an outstanding opportunity to acquire an established nursing home in the desirable village of Caerleon close to the M4 motorway.

“Illustrating the high demand for bed spaces in the area, occupancy levels at the home are excellent and the business also benefits from a loyal and stable staffing team.”

Caerleon House Nursing Home is offered for sale on a freehold basis, with an asking price of £2,550,000, which includes all fixtures, fittings, and goodwill.

For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
 
Contact the agent:
Rob Kinsman, Regional Director
P: +44 117 946 8505
E: rob.kinsman@christie.com
 
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