Christie & Co has announced the sale of The Graylyns Residential Home near Haverfordwest, Pembrokeshire.

Situated in a rural location just outside the town of Haverfordwest, The Graylyns Residential Home is registered to provide residential dementia and respite care to up to 15 residents.

The home has been owned and operated by husband and wife, Graham and Lynne Jones, and their son, Andrews since 1998, and recently they decided to sell as part of their retirement planning.

Following a confidential sales process with Oliver McCarthy at Christie & Co, and funding sourced through Gary Boyce at Christie Finance, it has been sold to Lina Chirandura, who owns another care home and is planning to expand her portfolio in Wales.

Lynne Jones, former owner, said: “For the last several months we have worked tirelessly to find the right people to take The Graylyns into its next exciting chapter and we strongly believe we have achieved this.”

McCarthy added: “I’m so pleased to have sold this amazing care home to an outstanding operator that I’m sure will continue the brilliant care that Lynne, Graham, and Andrew have provided over the last 26 years.

“Buyer appetite for trading care homes has never been stronger in South Wales and we expect to see this continue throughout the year.”

Despite limited appetite among mainstream banks to fund this first-time purchase, Boyce said: “The bedroom numbers at The Graylyns did not meet lending criteria. However, through our network of lenders, and with knowledge of what exists beyond the high street, we successfully secured funding on competitive terms, with a bank keen to support her exciting plans for the business.”

The Graylyns Residential Home was sold for an undisclosed price.