Specialist business property adviser Christie & Co has announced the sale of the Morgannwg House in Brecon.
Established more than 20 years ago, Morgannwg House is a nursing home which is registered for up to 20 residents. It maintains a very high occupancy rate and is run under management with a team of staff.
The business occupies a 20-bedroom, four-storey, Grade II-listed property with a purpose-built extension to the rear. Originally a school, the nursing home has a redundant gymnasium in the grounds, which could be developed for a further 30 bedrooms. Located within the centre of Brecon, it is just a short walk from the main high street and local amenities.
It has been owned by the family-run business, Sentimental Care Ltd, for the last 20 years, and was brought to market as they were looking to scale back and concentrate on their other home in the west country.
Following a confidential sales process with Oliver McCarthy at Christie & Co, it has been purchased by HAPUS CARE GROUP LTD, an expanding operator that owns 12 homes within its group. This is its first home in South Wales.
Oliver McCarthy, Director – Care at Christie & Co, said:
“I’m really pleased to be able to assist Sentimental Care Ltd in selling their nursing home in the Brecon Beacons. This will be our second successful sale for our client Tazmina Ellis, who will remain in the sector and concentrate on her other business interests.”
Morgannwg House was sold for an undisclosed price.
