Established North Somerset care home sold to multi-operator
Specialist property advisor, Christie & Co has completed on the sale of Oak Tree Lodge located in Clevedon, North Somerset.
This established and reputable care home represented an outstanding opportunity for an experienced operator in the care sector. The business traded with a good mix of self-funded and local authority funded clients and has an excellent reputation locally. The property has 34 client bedrooms arranged over three floors, set in an imposing Victorian detached house enjoying an elevated position with outstanding views.
Owned by our clients for over 15 years and run as a family business, they took the difficult decision to sell so that they could enjoy their retirement. The family successfully built up a profitable operation, running this care home with an enviable reputation for delivering excellent quality care, highly regarded in the local area. The owners Richard and Sue Pike commented, “We would like to thank all our staff, residents, families and friends for their support over the years. We wish Deian the very best at Oaktree Lodge.”
Oak Tree Lodge Care Home has been acquired by Manor Community. Deian Glyn, one of the company’s Directors, commented ‘The acquisition of Oak Tree Lodge was a natural fit for us. We were struck by the high quality of care provided at the home and we look forward to continuing the person-centred care provided by the long-standing team there.”
Oliver McCarthy, Business Agent (Care) at Christie & Co, handled the sale and commented, ‘We are delighted to be a part of Deian & Sophie’s impressive journey, and we wish them all the very best at Oak Tree Lodge Care Home and we hope that Richard and Sue enjoy their well-earned retirement!”
“The market for care homes in South West is stronger than it has been for many years and we continue to see an abundance of well-funded buyers seeking opportunities in the region.”
Oak Tree Lodge was sold off market for an undisclosed price.
For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
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