Ashview Nursing Home in East Hertfordshire sold for the first time
Specialist business property adviser, Christie & Co, has announced the sale of Ashview Nursing Home in East Hertfordshire.
Ashview Nursing Home is registered to care for up to 32 residents and occupies a substantial detached property set in attractive 1.1-acre grounds which has been converted and extended over a number of years. The home is located in the affluent village of Widford in East Hertfordshire.
When it was acquired by a family-run company in 1996, the home was improved and the accommodation upgraded, and it has enjoyed an enviable reputation in its local area ever since. The owners of the company decided to sell in order to concentrate on their other businesses in the region.
Following a confidential sales process with Christie & Co, it has been sold to community-driven care provider, Curaa, which has homes in the southeast and southwest of the country.
Haris Khan, Co-founder and Chief Executive at Curaa, comments, "Ashview is a wonderful home, with a dedicated and high-performing team. It has diligently served the community since 1997, and we are excited to build on that excellent reputation. With this fourth addition to our platform, we hope to continue Curaa's growth across the south and southwest of the UK."
Joanne Mathers, Director – Care at Christie & Co, who handled the sale, comments, “We were delighted to act as agents in this sale to Curaa and to have assisted in the continued growth and expansion for Haris and the team. The confidential marketing of this home generated interest from a wide range of purchasers, including existing operators and new entrants, which continues to show not only the strength of the market in the region but also the appetite that still exists for ‘older style’, converted care homes when they are well-located, with strong trading performance and longstanding local reputations. Despite the challenges towards the end of last year, our experience suggests a continued positive outlook for well-run care homes, a point that is endorsed by the number of completions last year and ongoing transactions which are due to complete in the first quarter of this year.”
Ashview 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: phoebe.burrows@christie.com
Contact the agent:
Joanne Mathers, Director – Care
P: 07595 568 451 or E: joanne.mathers@christie.com
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