Specialist business property adviser, Christie & Co, has announced the sale of North Hill Nursing Home in St Austell.

North Hill is registered for 35 residents and occupies a large, 33-bedroom property with an attached eighteenth-century cottage. It sits in a residential area close to the centre of St Austell. The home has been owned by David Smith since June 1994 and was brought to market to allow him to retire from the sector.

Following a confidential sales process with Simon Harvey at Christie & Co, it has been sold to Aamir Iqbal, an existing care home owner with a nursing home in Torquay who was looking to expand and saw North Hill as an ideal opportunity to enable him to do so.

David Smith, former owner of North Hill Nursing Home, comments: “After owning the nursing home for over 30 years, it was always going to be an emotional roller coaster to finally let go of a business that had been centre stage of my life for such a long period.

“I bought it as a small 24-bed home and, after three major building projects, it has been transformed to provide modern and compliant accommodation. To be honest, I did not appreciate the complexity of selling the home, but I am now able to fully enjoy my well-earned retirement.”

Simon Harvey, senior director of Care at Christie & Co, said: “We were delighted to receive instructions to act on David’s behalf in the sale of the home and equally pleased to have achieved a positive outcome and wish him well in his future plans. Having known of Aamir’s desire to acquire another care home, I am pleased to have been able to assist him in his expansion plans and wish him well for the future with this home as well as his existing care home.

“This sale further evidences the strength of the transactional market for care homes in the South West and continues to demonstrate the appetite that exists for good quality well-run businesses. As we approach the end of the year, although the sector is not without its challenges, the sentiment that we are seeing from the majority of buyers and sellers remains upbeat and, as such, the outlook for 2025 is certainly positive.”

North Hill Nursing Home was sold for an undisclosed price.