Specialist business property adviser, Christie & Co has completed on the sale of Farehaven Lodge Care Home, a well-established care home situated in Fareham, Hampshire, to first-time buyers with experience in the care sector.
Registered for 40 residents, Farehaven Lodge is situated in a predominantly residential area of Fareham and has 32 single and four twin bedrooms, of which 28 have en-suite facilities. Purpose built in the mid 1980s with later extensions, the property benefits from a passenger lift to both floors. The business has a full-time manager and well established team of caring staff, which look after residents of old age and with dementia.
Farehaven Lodge has been run successfully by Fareham Court and a decision was made by the directors to sell this business on a confidential basis. A discreet and short marketing campaign was undertaken resulting in a successful offer being made by brothers Adam, Simon and Piers Luckhurst, who are new entrants to the care sector.
Shan Visram, director of Fareham Court commented: “It has been a pleasure owning and operating Farehaven Lodge and it was a hard decision to sell the business, however for the long-term future of the business, we felt this was the right time and thing to do. Charles Phillips at Christie & Co carried out a confidential sales process and we are delighted to be handing the care home over to Simon, Adam and Piers. With their knowledge of the sector and future plans we are confident that the business will flourish under their ownership.”
The Luckhursts have been involved in the running of Agincare, their family’s care home and domiciliary care business in the south. Simon Luckhurst commented: “We are greatly looking forward to working with the staff and residents at Farehaven Lodge and this is an exciting new challenge for us. We look to forward to taking the business further and building on its already good reputation.”
Charles Phillips, director at Christie & Co’s Winchester office handled the sale and commented: “Having known the directors of Fareham Court for over 20 years, I was delighted to be asked to market their business and to achieve a sale for them. The opportunity attracted a good level of interest from both local and national care operators and first-time care-home buyers, largely due to the size of the home, the fact it is purpose built and also that it has a full-time manager.
“We wish Simon, Adam and Piers all the best with their future plans for the home and I look forward to helping them grow their care home portfolio over the next 20 years.”