Christie & Co has successfully completed the sale of Andover Nursing Home, a well-established care home situated in the heart of the Hampshire town of Andover.
Andover Nursing Home is a modern purpose built care home which has been regularly updated and refurbished to maintain quality, and is registered for 87 service users in 83 en suite bedrooms. In January 2017, the Quality Care Commission (CQC) rated the business as ‘Outstanding’, and the widely regarded home has also received a National Gold Standards Framework Quality Hallmark Award. The property occupies a plot of circa one acre and benefits from an adjacent plot which, subject to planning, has potential for a number of expansion opportunities.
Brothers John and Brian Puddepha decided it was time to retire having owned and run the home since 1992 and, after a confidential marketing campaign conducted by Christie & Co, a sale was concluded to Andover Care Ltd.
John Puddepha, departing owner, comments, “It was a pleasure working with Charles and the Christie & Co team and my brother and I are delighted to have achieved a confidential sale of the business. We have worked very hard over the years to build and maintain a strong and well respected business and feel that the purchasers will continue our good work.”
A director of purchaser Andover Care Ltd comments, “It is with excitement and expectation that we look forward to taking over the running of this lovely business. When we first saw the property, we knew the opportunity would be a good purchase for us and we look forward to maintaining the high standards set by John and Brian.”
Charles Phillips, Director at Christie & Co’s Winchester office handled the sale and comments, “Following a confidential marketing campaign, Andover Nursing Home garnered a high level of interest resulting in several competitive bids. We are delighted to have achieved a sale for our clients, who have owned the care home since 1992 and we wish them all the best in their retirement from this sector.
“The purchaser plans to build on the good reputation of the business and we are sure that with the support of the excellent staff, will deliver positive results.”