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08 June 2018 | Childcare & Education

Nottingham nursery rated 'Outstanding' sold through Christie & Co

Specialist business property adviser Christie & Co has successfully completed on the sale of the freehold interest of Educare, a children’s day nursery located in Nottingham, East Midlands, to an experienced operator in the sector.

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The extensive childcare setting, which has recently been awarded an Ofsted rating of ‘Outstanding’, offers 81 registered places, with specifically designed rooms to cater for the different age groups’ playing and education needs, plus an enclosed garden play area to the rear of the property and on site car parking with pick-up and drop-off facilities.

Situated in close proximity to the city centre and major commuter routes, the nursery benefits from ease of access and a convenient location for parents.

Previous owner, Mrs Johal ran Educare for over 20 years before deciding to move on to pursue another business venture. The new owner, Mayur Bhatt, is an experienced operator having run nurseries in Leicestershire.

Tim Bloomer, Business Agent at Christie & Co on the Childcare team, handled the sale and comments, “I am pleased we could help the owners of Educare sell their setting so that they could focus on their new business venture. The buyer was found through a discreet marketing process after we had received a lot of interest in the business. They are experienced operators and I would like to wish them the best of luck with this fantastic nursery. This demonstrates the level of demand in the East Midlands at the moment and the strong values being achieved in the market.” 

Educare was sold off an asking price of £1,200,000.