Established Weston care home sold for the first time in 17 years
Specialist business property adviser, Christie & Co, has announced the sale of Neva Manor Care Home in Weston-super-Mare, North Somerset.
Neva Manor is an established residential care home that is registered for up to 14 elderly residents. It occupies an extended 13-bedroom Victorian property that is within easy reach of Weston town centre, seafront/promenade, pier, and main arterial routes.
The home has been owned by husband-and-wife team, Dan and Brinda, for the last 17 years, and was brought to market to allow them to have more free time.
Following a confidential sales process with Oliver McCarthy at Christie & Co, and with funding sourced through Gary Boyce at Christie Finance, Neva Manor has been purchased by new market entrant, Swapna Kundil, who has a strong background in adult care and accounting.
Dan and Brinda, former owners of Neva Manor, comment, “We have run this business for the last 17 years. It has been an exciting yet challenging journey, but we are pleased to say we have achieved our goals and look forward to our future. We wish the new owner success in this new venture.”
Swapna Kundil, the new owner of Neva Manor, comments, “I’m excited and looking forward to taking over Neva Manor and continuing the excellent care Brinda and Dan have provided. The home presents the ideal first purchase within the care sector for me and comes with very capable staff, who I will work closely with to provide the best possible care to our residents.”
Oliver McCarthy, Associate Director – Care at Christie & Co, comments, “I’m so pleased to have sold this great care home for Brinda and Dan who have worked tirelessly over the years to create a warm and friendly care home. I wish them all the best in their retirement.”
Gary Boyce, Director at Christie Finance, comments, “With this being Swapna’s first care home purchase, we worked closely with her to overcome concerns that would otherwise exist with banks around her perceived lack of knowledge and prior experience within the sector. We built a lending application based on her strong and relevant transferrable skills, plus the steps she’d taken to gain and identify qualifications to perform future managerial roles at Neva Manor. This resulted in gaining a positive appetite and competitive fund terms from her bank, which is keen to support her now and into the future. We look forward to seeing Swapna and her business go from strength to strength.”
Neva Manor Care Home was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Oliver McCarthy, Associate Director – Care
P: 07702 809 198 or E: oliver.mccarthy@christie.com
Contact Christie Finance:
Gary Boyce, Director
P: 07974 800 752 or E: gary.boyce@christiefinance.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.
