Somerforde care home in Newton Abbot, Devon has been sold by specialist business property adviser, Christie & Co to a first time buyer for an undisclosed figure, having been marketed at a guide price of £1.8 million.
Ken Grasby and Nicola Whitham, directors of Somerforde Ltd, acquired the home in early 2010 and established it as a leading residential care home in the town. They decided to sell the home due to health reasons.
Somerforde is registered to accommodate 24 residents in 22 bedrooms, of which 18 have their own ensuite facilities.
Simon Harvey, of Christie & Co, said: “We are delighted to have assisted Ken and Nicola with the sale and wish them well for the future. This sale and a number of others that are currently ongoing show that activity in the South West care home market remains very positive, especially when we see new entrants coming to the area from further afield.”