care home is sold to businessman from South East
care home in Burnham-On-Sea is under new ownership after being sold
by a specialist business property firm.
and Co brokered the sale of Broughton Lodge Care Home on behalf
of retiring owners, Mike and Mandy Matthews to an established operator
of similar sized homes from the South East, Mr Dharm Patel.
and Mandy were owner-operators of the home and decided to retire
due to health reasons and to enable them to spend more time overseas
with their family.
Lodge was significantly upgraded and improved during their ownership
to include a two-storey extension with the recent addition of further
bedrooms on the top floor taking the total to 18. The home has an
excellent reputation, specialising in dementia care.
Harvey, Director at Christie & Co who handled the sale comments,
said: "We are delighted to have assisted Mike and Mandy with
the sale and congratulate Dharm on an excellent acquisition. This
is a highly regarded care home and we would like to wish Dharm well
with what we are sure will be an extremely positive future."
care market in the South West remains very strong with a wide range
of sales taking place across the region. This is the second home
we have sold this year in Burnham-on-Sea following the acquisition
at the beginning of the year of The Burnham Nursing Home by Country
freehold interest in the property was sold in a deal funded by Barclays,
where the sellers were represented by Wards in Bristol and the purchasers
by Adams & Remers in Lewes. The property was on the market for