Established Isle of Wight care home sale funded by Christie Finance

Waxham House is an established care home registered for up to 20 residents who are either over 65 or have physical disabilities. Dedicated staff provide good levels of care to residents, and during the last CQC inspection, the home was rated ‘Good’. It occupies a 19-bedroom converted, two-storey detached property on High Park Road in Ryde, on the north-east coast of the Isle of Wight

The home has been owned by husband-and-wife, Sanjay and Sandhya Ramdany since 2005, and was brought to market to enable them to retire.

With funding sourced through Neil Collins at Christie Finance, it has been purchased by first-time buyers, Minal Patel and Mitenkumar Patel of Genix Care Ltd.

Minal Patel, Director at Genix Care Ltd, comments, “We are very pleased to be taking over such a well-run, well-presented property and business, and look forward to working closely with the staff and residents. As we begin our journey into the care sector, we do so with excitement for what is to come.”

Neil Collins, Associate Director at Christie Finance, comments, “I am so pleased to have obtained the required funding for Genix Care. Being a first-time buyer in this sector, there are always a number of hurdles to overcome, especially around funding availability, however, with all of us working towards the common goal, it has been a pleasure working with the client, and I look forward to seeing how they venture further into the care sector.”

To find out more about funding for your care home, get in touch below.