Specialist business property adviser, Christie & Co, has sold The Firs Residential Home in Derbyshire.
The Firs is a ‘Good’ rated residential care home registered for 28 service users. It occupies a two-storey, detached property with 25 bedrooms, six of which have en suite facilities, and includes a garden area with a covered pergola for the residents to enjoy.
The home is located in the large Derbyshire village of Breaston, circa seven miles east of Derby and eight miles west of Nottingham.
The Firs has been owned by Yvonne Dunbar for 17 years and was brought to market to allow her to retire.
Following a confidential sales process with Rosie Turner at Christie & Co, it has been purchased by first-time buyers, Dr Daljinder Bajwa and Gurpreet Singh Jassal.
Yvonne Dunbar, former owner of The Firs Residential Home, says: “I bought the home 17 years ago and, since then, the team and I have grown it considerably – adding eight more bedrooms and developing its reputation into the well-known, well-regarded home that it is today.
“I decided to sell to retire and couldn’t be happier to hand it over to Gurpreet and Daljinder who, I’m sure, will maintain the high standards that we’ve set and carry on growing the business. I wish them all the best.”
Rosie Turner, Senior Business Agent – Care at Christie & Co, says: “Having built a relationship with Yvonne over the years, I am delighted to have been able to assist her in the retirement sale of her beloved home, The Firs. We ran a confidential marketing process which received a good level of interest due to the home’s profitability and desirable location.
“This is another great example of the demand that exists for smaller homes in the East Midlands. While there are new challenges within deals, such as the interest rate rises and wider economic factors, signs still point towards a positive outcome for smaller going concerns within the region.
“It also shows that a new operator with great experience and business ideas, like Gurpreet and Daljinder, can still raise funding to acquire their first home. I wish Yvonne the happiest of retirements and look forward to seeing Gurpreet and Daljinder grow the business.”
The Firs Residential Home was sold for an undisclosed price.
