Vacant day nursery in North London set to reopen following leasehold sale
Specialist business property adviser, Christie & Co, has announced the leasehold sale of a vacant day nursery property in North London.
Business. Built around You.
Your expert business property advisers
The property, which was formerly occupied by a day nursery operator, comprises three floors and a sizable outdoor space which can cater for up to 95 children at any one time. It is located on a prominent corner in the affluent and densely populated North London area of Bounds Green, just a few minutes’ walk from both Alexandra Palace and Wood Green stations.
Following a confidential sales process with David Eaves at Christie & Co, the lease has been sold to Shella and Shane Popat, who will reopen the nursery as franchisees under the Canopy Nurseries brand, which now has six settings in its portfolio and plans for further settings in the near future.
Shella and Shane Popat, the new tenants, comment, “We are delighted to be opening our first Canopy nursery in such a beautiful location. The building has been thoughtfully designed to offer age-appropriate spaces inside and many outdoor opportunities in the extensive outdoor gardens. With a separate baby garden, sensory room, home economics space and community room, we are truly opening the nursery of our dreams.”
David Eaves, Director – Childcare & Education at Christie & Co, comments, “It was a pleasure to work with Shane, Shella and Canopy Nurseries in helping the franchisees find their first nursery. The property is in an excellent location and will be a fantastic addition to the local community. Seeing a vacant property being brought back to life is always positive, and this is continuation of a trend we saw last year, where nursery owners or new market entrants see the current demand in the market driven by funding changes and parental need, and are looking to capitalise on that by creating additional capacity to serve the requirements of local parents.”
The lease was sold for an undisclosed price.
-------------------
For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
Visit Christie & Co’s Business Search page to find out more about current listings.