Specialist business property adviser, Christie & Co, has announced the sale of The Willows Care Centre in Margate, Kent.
The Willows is a successful, well-established, ‘Good’ rated, mental health and dementia care home that is registered for 40 service users and occupies five three-storey bay-fronted Victorian houses which have been converted, interconnected, and extended. It is located near the Oval Lawns and Bandstand, Walpole Bay, and Turner Contemporary Art Gallery in Margate. The home was sold on behalf of Premiere Care Homes who originally bought it in 2012. Following a confidential sales process by John Harrison at Christie & Co, it has been sold to Afir Homes Ltd as the group’s first home. Shawn Cole, Director at Premiere Care Homes, comments, “I am pleased to have completed the sale of The Willows Care Centre which has enjoyed a good reputation and strong occupancy levels under our ownership, and I am sure this will be continued by the new owners. We are now looking forward to concentrating on our other care business.” John Harrison, Director – Care at Christie & Co, comments, “Having assisted the Cole family with both buying and selling care homes in Kent over the years, I am delighted to have acted for them again with the confidential sale of The Willows Care Centre which they have successfully operated for over a decade. We have completed over £15m of care home transactions in the South East over the last 3 months alone and have a wide pool of well-funded buyers in the region who are looking to acquire similar homes, and I expect this appetite to continue in 2024.” The Willows Care Centre was sold for an undisclosed price.