Powys care home sold to local operator
Specialist business property adviser, Christie & Co, has announced the sale of Bryngwy Residential Home in Rhayader, Powys.
Bryngwy Residential Home is an established care business registered to care for up to 24 residents at a time and located in Rhayader, a market town in mid Wales that lies on the River Wye on the A470 north-south trunk route.
The home was brought to market to allow its previous owner to retire.
Following a confidential sales process with Oliver McCarthy at Christie & Co, it has been sold to Oakwood Care Ltd owned by Kuljit Grewal, who also owns the award-winning Williamston Nursing Home in Houghton, Pembrokeshire.
McCarthy said: “Demand remains strong for a range of care assets across the UK and, despite challenges faced by operators across the board, we expect appetite to continue from all buyer types.”
Bryngwy Residential Home was sold for an undisclosed price.