Funding secured by Christie Finance for an established village care in Devon

Somerville House is an established care home for the elderly that is registered for up to 30 residents. It occupies a detached period property that has been modified and extended over the years to provide quality care provision across 29 bedrooms. The home sits in a convenient and accessible position within the Devon village of Willand near Cullompton.

Following a confidential sales process with Simon Harvey at Christie & Co, with funding sourced through Ashley Clements at Christie Finance, it has been purchased by Karamvir Singh of Smile Care Home Ltd. With two homes in the Midlands already, this is his first venture in the South West.

Somerville House has been under the same ownership for 21 years and was recently brought to market to allow them to retire.

Ashley Clements, Associate Director at Christie Finance, comments, “It was a pleasure to work with Karamvir and the team at Smile Care Homes to help source the funding for the purchase of this home. The team has achieved great things in their existing homes over the last few years, and I have every faith in their ability to continue this trajectory with this home and future purchases. We continue to see experience and a proven track record being a key part of the transaction from a lender’s perspective, especially when clients have a desire to grow at pace. Ensuring this is evidenced in the right way can be the difference between obtaining funding and not. I wish Karamvir all the best with this and future ventures, and I look forward to working with the team again.”

Contact the broker:
Ashley Clements
Associate Director
M: 07714 138 984
E: ashley.clements@christiefinance.com