DC Care is delighted to announce the sale of The Old Vicarage Nursing Home, in Pandy Tudur, Conwy to Chamarel Home Ltd. Joint Administrators Zolfo Cooper (Manchester), formally instructed DC Care to market The Old Vicarage, along with four other homes within the Regency portfolio earlier this year.
The Old Vicarage is the fourth sale from this group to be successfully sold. There is one remaining care home which is under offer, in legal hands, due to complete early 2013. All but one of the care homes has been sold to existing care operators who will continue to trade the facilities and reinvest in the properties. One was sold for residential re-development.
The Directors of Chamarel Home Ltd are looking forward to getting to know the staff, service users and wider community in the area and are delighted with their recent acquisition.
DC Care's Business Appraiser Alison Taylor managed the sales of all the homes in the Regency portfolio and commented; "It is heartening to see a continued desire for care homes in this difficult economic climate and I am especially pleased that all but one of these facilities will continue to be traded as a care home. We would like to wish Chamarel Home Ltd every success with The Old Vicarage."