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17 November 2020 | Care Mortgages

West Sussex care home sold to expanding local operator through Christie & Co

Specialist broker Christie Finance, is pleased to announce it has obtained funding for a highly regarded care home near Chichester, West Sussex, a deal made through our sister company, specialist business property adviser, Christie & Co.

Cornelius House is a large, detached property registered as a care home for 20 service users in the category of Old Age. The property comprises 20 single bedrooms, all of which have en-suite facilities, spread out over three floors. Most of the garden is at the front of the property and faces south, and there is a large, paved terrace with access from the main lounge and a summerhouse for the residents and their families.  
 
The business has been operated by Mr John Kellas since he purchased it through Christie & Co in 2005, during which time the property has been upgraded and refurbished. The home was placed on the market after Mr Kellas took the decision to retire from the sector.
 
Cornelius House has been sold to local care home operator, Mr James Twocock, who comments, “Cornelius House is an ideal purchase for us and will be our second care home, our first home being Greensleeves Care Home in Crawley. We are a family business and are looking forward to working and getting to know the staff, residents, and their families. We hope to build on and continue the good name of Cornelius House.”

Chris Field, Director at Christie Finance who secured the funds for the deal, comments, “It was a pleasure to assist the Twocock family in expanding their Care Home portfolio. Cornelius House is located in a lovely part of Chichester and has a number of similarities to their existing Care Home, making this a perfect fit. The funding process was slow and laborious, with a number of delays and challenges to overcome. To their credit, each hurdle was overcome as we worked as a team, along with the bank who were very supportive. We’d like to wish them all the best with the new venture and look forward to hearing from them when they find another opportunity.”