DC Care Specialist Healthcare Business Agents has announced the sale of The Barn House Nursing Home located in Merstham, Surrey. The home, formerly registered for 30, has been purchased on a leasehold basis after being owned and managed by Mr & Mrs Gungaloo for over 30 years.
The sale of The Barn House completed towards the end of 2016 and marks yet another success for DC Care in what has been a record breaking year.
Commenting on the sale and the current state of the care home market, Southern Region Business Appraiser Andy Sandel said
“Mr & Mrs Gungaloo had been looking to sell for some time and had tried the market with other agents. The home has been leased with an option to purchase the freehold, proving that sometimes we have to look at alternative options for a sale that work for both seller and purchaser.
“We (DC Care) were always confident of finding a suitable buyer for The Barn House because demand for opportunities in this highly sought after location is incredible.
“It’s a cliché but the number of well funded, experienced healthcare operators on our books, looking to acquire at present, by far outweighs the homes we have on the market and as such a high proportion of our listings are under offer and in the hands of solicitors.”