Abbotsford care home in North West London sold to Ruislip Care Homes
Specialist business property adviser, Christie & Co, has announced the sale of Abbotsford care home in Pinner, North West London.
Abbotsford is a well-established care home offering accommodation for adults aged 65-years and above requiring nursing or personal care. The business sits in a detached property which has been extended to the rear and comprises 23 single bedrooms, 14 of which have en suite facilities.
It is located on a desirable tree-lined residential road in Pinner, North West London, and is within walking distance of a London underground station and bus routes. The business historically has a good reputation and a 'Good' CQC rating.
Abbotsford was previously owned by the Spanswick-Smith family who decided to sell to allow the home’s Manager, Ms Karen Spanswick-Smith, to retire.
Ms Spanswick-Smith comments, “Abbotsford care home was set up by my parents who had been in the care sector since 1964. It had never been marketed before and so it was essential the sale was handled professionally and discreetly so we asked Christie & Co to step in, and we’re really glad we did as they’ve found a buyer who, I’m sure, will carry on the success of the business.”
The care home has been purchased by family-owned group, Ruislip Care Homes. Speaking on behalf of the company, Mr Javed Cader comments, “This will be the fifth care home in our portfolio, and we intend to invest in the property and reposition it as a boutique residential and dementia care home.”
Jordan Oborne, Associate Director at Christie & Co, who handled the sale, comments, “Upon bringing Abbotsford to market, we received a number offers from buyers who were interested in the underlying asset value and the operational opportunity it presented. In the end, we felt that Javed and his team were the best fit, and we look forward to seeing how they grow and develop the business.
“I’d like to wish Karen a very happy retirement, and Javed and his team all the very best with the latest addition to their growing care home portfolio.”
Abbotsford was sold off an asking price of £2,500,000.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Jordan Oborne, Associate Director
P: 07736 615 870 or jordan.oborne@christie.com
