Sidmouth nursing home changes hands as owner retires after 20+ years
Specialist business property adviser, Christie & Co, has announced the sale of Sidmouth Residential Nursing Home in Devon.
Sidmouth Residential Nursing Home has been significantly modified and improved over the years and now provides accommodation for up to 29 elderly residents. It occupies a corner plot site in a predominantly residential area on the outskirts of the regency resort town of Sidmouth.
For over 20 years, the home has been owned by Sam Bevan who has grown it into a respected, well-run business. Having decided to retire overseas a few years ago, it had latterly been operated by her good friend, Julie Casely, who also wanted to retire, resulting in the home being put up for sale.
Following a confidential process with Simon Harvey at Christie & Co, it has been purchased by an existing care home operator in Devon who identified it as an excellent opportunity to add to their other care business in Devon – Palm Court in Dawlish – which they acquired through Christie & Co in 2016.
Simon Harvey, Senior Director – Care at Christie & Co, who handled the sale, comments, “We are delighted to have been able to assist Samantha and Julie’s retirement. This home attracted a lot of interest, with multiple bids being received; its location, reputation, and asset quality combined to make it an attractive proposition.
“Homes of this nature are still well sought-after and this sale, along with the completions earlier this year of Bymead House in Charmouth and The Old Vicarage in Otterton, really demonstrates the appetite that exists for this style of care home in these popular South West locations.”
Sidmouth Residential Nursing 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: firstname.lastname@example.org
Contact the agent:
Simon Harvey, Senior Director – Care
P: 07764 241 310 or E: email@example.com
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