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Moorgate Care Home in Dartmoor National Park sold to new entrant

Specialist business property adviser, Christie & Co, has announced the sale of Moorgate Care Home near Yelverton in Devon.

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Moorgate Care Home in Devon

Moorgate Care Home is registered with the CQC to provide residential care to up to 37 clients over the age of 65 years. The business occupies an attractive period property, which has been subject to considerable investment in recent years, with the addition of a purpose-built ground floor extension completed in 2017. Whilst the original building offers a degree of charm and character, the new extension is in a contemporary style with an excellent use of light and has enabled the many day rooms and communal areas to offer extremely appealing surroundings.

The property stands on a site of 3.7 acres which includes attractive formal gardens, sun terrace and patios, as well as a five-bedroom staff house which is located to the rear of the site. It occupies a semi-rural location within Dartmoor National Park, approximately midway between the West Devon towns of Yelverton and Tavistock.

Since 2004, the home has been owned by husband-and-wife team, Kevin and Noreen Shadrick, who recently decided to sell to retire.

Following a confidential sales process with Christie & Co, the home has been purchased by new entrants to the local market, Nilesh Patel and his family, who felt that the home was exactly what they were looking for. Nilesh has a finance background and the family also own a care home in the Home Counties, so are well placed to take on Moorgate and to build on the excellent work Kevin and Noreen have put in over nearly two decades. 

Kevin and Noreen Shadrick comment, “We are delighted to have sold the home and we wish Nilesh and his family all the best and we know we have left Moorgate in very safe hands. We would like to thank Simon for his help and guidance throughout the sale process.”

Nilesh Patel comments, “We were very excited when we first viewed Moorgate Care Home earlier in the year and even more thrilled when Kevin and Noreen agreed to sell the care home to us. Now that the purchase has been completed, we are looking forward to working with the management team, the staff, all the affiliated businesses, health care groups and local surgeries who help and support the care home in providing the highest level of care to our residents.”

Simon Harvey, Senior Director – Care at Christie & Co, who handled the sale, comments, “We were delighted to have been appointed by Kevin and Noreen to sell Moorgate, which is a high-quality business in an attractive and desirable location. 

“This sale is further evidence of the strength of the market in the South West, especially for well-run, high-quality, and profitable businesses such as this one. Despite the challenges recent years have presented, we are still able to generate strong interest on a wide range of care homes that we are marketing and, with further sales due to be concluded between now and the end of the year as well as more in early 2023, we remain optimistic about appetite for care businesses in the region.”

Moorgate Care Home was sold for an undisclosed price.

For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E:

Contact the agent:
Simon Harvey, Senior Director – Care
P: 07764 241 310 or E:

Visit Christie & Co’s Business Search page to find out more about current healthcare listings.

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