Slow and steady is the outlook for the nursery property market in the year ahead. 'The year will continue to be difficult but we are coming out of the recession,' believes Nick Brown, valuations director at Amberglobe.
'The worst possible scenario is that there is a good business for sale and no-one is looking but that's not the case in the childcare sector,' he says. Agents agree that if a quality setting is put on the market at a realistic price, then even in the current uncertain economic climate there is no problem in finding a buyer.
Redwoods Dowling Kerr recently had three viewings within three weeks of a freehold property being put up for sale. Two acceptable offers, one freehold and one leasehold, were made after just four weeks. But agents warn that nursery owners must do their research, take time to understand the current market price and speak to a specialist before offering their business for sale.
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