Regency Nursing Home in Southsea, Hampshire, has been sold to an operator with a care home in Dorset.
Specialist business property adviser Christie & Co completed the freehold sale of Regency Nursing Home, a four-storey property which is registered to care for up to 30 residents. The home is located close to the seafront in a sought-after and desirable area of Southsea.
Since purchasing the business in 2012, sellers Sen and Maria Bungaroo have upgraded and refurbished the home. They recently decided to sell Regency Nursing Home to reduce their work commitments.
Following a confidential sales process, the home has been purchased by Dr Ronald Arulnesan and Dylan Dayalan, who own a care home in Dorset.
Sen Bungaroo, seller of Regency Nursing Home, said: “Both my wife Maria and I have enjoyed owning and running Regency Nursing Home and decided that now was the right time to sell to ease back from work commitments. We still own Braemar Residential Home in Southsea and hope to continue to be involved in the care sector, but on a slightly reduced basis. We look forward to continuing the good synergies between the two care homes with the new owners and wish them all the best.”
Dylan Dayalan, new owner of Regency Nursing Home, commented: “When my business partner Ronald Arulnesan and I first visited Regency Nursing Home, we immediately felt a connection with the property and the ethos of the dedicated staff. This is a well-run business with the residents wellbeing at the centre of everything. We are excited about building on the good name and reputation of the care home and caring for our residents.”
Charles Phillips, director – healthcare at Christie & Co, added: “It has been a pleasure acting for Sen and Maria in the sale of their business and we hope they are able to relax a bit, whilst still operating their other care home. With the knowledge Dylan and Ronald have from operating their first care home in Dorset, we are confident that they will be very successful in their latest venture.”