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02 June 2016 | Childcare & Education

Callington nursery sold to former teacher

Specialist property adviser, Christie & Co is pleased to announce the sale of Coombe Valley Nursery (Launceston) Ltd in Callington, Cornwall.

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Mr & Mrs Ranson had operated the business since its opening in 2010 and are now looking towards retirement. The 33-place purpose-built nursery occupies a convenient and accessible position on the outskirts of Callington and is currently run under management.

The nursery has been acquired by new entrants into the children’s day nursery sector, Mr & Mrs Pavey. Mrs Pavey has worked within the education system for a number of years – most recently as a deputy head teacher in Hillingdon. The couple have relocated to Cornwall for a change of lifestyle and in order to build their new business.

Corrina Jones, Childcare Business Agent at Christie & Co commented: “We were pleased to be able to introduce the buyers to the business and complete the sale very discreetly for both parties. We wish Mr and Mrs Ranson a happy retirement and the Paveys all the luck with their new venture.

“We are currently seeing a high number of potential buyers looking to acquire within the sector across the region, meaning there is strong demand for properties like this at the moment.”

Commenting on the sale of their business, Mr & Mrs Ranson said: “We would like to wish the new owners all the best for the future and we would like to thank Christie & Co for their professional management of the sales process throughout.”

In the last 12 months, Christie & Co has advised on nursery assets with a value of £733.6m and has the largest dedicated team of childcare business property agents in Europe.