Good rated Margate care home sold to local business owners
Specialist business property adviser, Christie & Co, has announced the sale of Treetops Residential Home in Margate, Kent.
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Treetops is a 21-bedroom, double-fronted care home with a ‘Good’ CQC rating and a strong local reputation. It sits in a predominantly residential area close to local amenities in the popular seaside town of Margate.
The home was previously owned by Indi and Navpreet Toot and, following a confidential sales process with Christie & Co, has been purchased by Denver and Misha Rajaratnam who also own Wychdene Care Home in Broadstairs.
Indi and Navpreet Toot, former owners of Treetops Residential Home, comment, “I am pleased to have sold Treetops to Denver and Misha who already operate a successful home in the area.”
Denver and Misha Rajaratnam, new owners of Treetops Residential Home, comment, “We are delighted to have bought our second care home, Treetops Residential Home, which operates with the same family values as our first home. We look forward to continuing to build on the strong reputation it has enjoyed using our experience in running another care home locally.
John Harrison, Director – Healthcare at Christie & Co, who handled the sale, comments, “It has been great working with Indi again, having completed three care home transactions with him previously, and also with Denver and Misha in helping them secure Treetops Residential Home which is such a good fit for them following the success they have achieved at Wychdene Care Home which they also bought through me last year. I am sure Treetops will continue to thrive under their ownership.
“We have agreed a good number of care home sales in the Southeast already this year, and are seeing continued demand from buyers.”
Treetops Residential Home was sold for an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
John Harrison, Director – Healthcare
P: 07764 241 296 or E: john.harrison@christie.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.