Historic Hampshire farmhouse turned care home sold to local provider
Specialist business property adviser, Christie & Co, has announced the sale of The Grange Nursing Home in Sherborne St John, Hampshire.
The Grange Nursing Home is registered for up to 26 elderly residents across 26 single occupancy bedrooms. Originally built as a farmhouse in the nineteenth century, The Grange was converted into a nursing home in 1987 and now operates with high occupancy levels, and benefits from newly received planning permission for an additional 14 bedrooms to be built in the rear garden.
The home is located on Vyne Road, in the popular and historic village of Sherborne St John, just four miles north of Basingstoke.
The Grange Nursing Home has been owned by Accurocare since 1987 and was brought to market as part of the group’s strategic focus on its geographically concentrated portfolio. The sale leaves the group with four other care homes across England and Wales.
Following a confidential sales process led by Charles Phillips at Christie & Co, the home has been acquired by Zahid and Rishad Datoo of Serincourt Limited, which owns and operates three other care homes in Hampshire.
Matthew Nutt, managing director at Accurocare, comments, “We are delighted to have completed the sale of The Grange Nursing Home to Serincourt Limited and are confident that they will support and look after both the residents and staff at the home. For us, this was the right time to sell the home as we intend to remain in the care sector but concentrate on our homes which are geographically closer to each other. It has been a pleasure owning and operating the home, and we wish everyone all the best.”
Zahid Datoo, managing director at Serincourt Limited trading as Numada Healthcare, comments, “The purchase of the Grange offers us a great opportunity to expand our business and support Hampshire residents with their care needs. We are greatly looking forward to working with the staff to provide high-quality care in the home and enrich the lives of our residents.”
Charles Phillips, director – care at Christie & Co, comments, “The Grange is a lovely nursing home with planning permission to extend, which will add value whilst also providing high-quality accommodation and support for residents. It has been a pleasure working with both Matthew and Zahid during the sales process, and we are very pleased to have completed this sale on a confidential basis. The sale of this home demonstrates strong demand for care homes throughout the south.”
The Grange Nursing Home was sold for an undisclosed price.