West Sussex care home sold for the first time in almost 20 years
Specialist business property adviser, Christie & Co, has completed on the sale of Saxby Lodge Care Home, a well-established specialist care home in Bognor Regis, West Sussex.
Saxby Lodge Care Home is an attractive two storey large, detached dwelling with a newer ground floor extension to the side. The care home is registered for 19 service users in the category of Old Age and benefits from 19 single bedrooms, four of which have en suite facilities. The property sits in a residential area within its own grounds close to the centre of Bognor Regis.
Mr Tim and Mrs Eileen McCarron have owned and operated the care home since 2001. Mrs McCarron comments, “Over the years, Saxby Lodge really has been a family business and we are sad to be leaving. However, having owned and managed the home for coming up to 20 years, we felt it was the right time to sell and retire. We are pleased to have instructed Christie & Co to act for us and we have managed to maintain confidentiality throughout the process which was important to us. We wish Daisy and Avnit well with their new business.”
New owners Mrs Daisy Mahal and her son Dr Avnit Mahal are existing care home operators and purchased their first care home, The Hurst in Worthing, through Christie & Co in 2017.
Mrs Mahal comments “When we started to look for another care home, we immediately spoke to Christie & Co and were delighted when we visited Saxby Lodge. The care home is a perfect fit for us and will work well with The Hurst. We are greatly looking forward to working with the staff and getting to know the residents and their families.”
Charles Phillips, Director at Christie & Co, who handled the sale, adds, “It has been a pleasure acting for Tim and Eileen in the sale of their business. Whilst matters did take a bit longer than expected due to COVID-19, the sale of this care home shows that the market for such businesses remains active. We wish them all the best in their well earnt retirement, and to Daisy and Avnit as they take over the running of the care home.”
Saxby Lodge Care Home was sold at an undisclosed price.
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:
Charles Phillips, Director – Healthcare (South)
P: 07764 241 346 or E: charles.phillips@christie.com
