Normanhurst Day Nursery in Northampton has been sold to expanding local group, Clarence House Day Nurseries.
Established in 1962, Normanhurst Day Nursery is one of the longest running childcare settings in its region. The setting has an operating capacity of up to 45 children aged three months to eight years.
The setting operates from a Victorian townhouse property which has been converted and recently been refurbished and modernised. It sits in a densely residential area of Northampton which overlooks a large public park, and benefits from free on street parking and good transport links.
The business’s previous owner, ABC Nurseries, purchased the site through Christie & Co in 2005 and decided, after over 15 years of ownership, to sell the site.
Normanhurst Day Nursery has been purchased by Clarence House Day Nurseries, taking the company’s portfolio to a total of 10 settings across Cambridgeshire, Northamptonshire, and Lincolnshire.
Speaking on behalf of the company, Operations Manager, Ms Sarah Lee says: “We are pleased to welcome Normanhurst Nursery to our team and look forward to supporting Chelsey and her team in continuing to deliver high-quality provision.”
David Eaves, Director at Christie & Co, who handled the sale, says: “We ran a short and highly confidential sale process and received multiple offers at the asking price within just three weeks of Normanhurst coming to market. The demand for high-quality childcare businesses across the East Midlands is extremely high at present and so it came as no surprise that Normanhurst garnered significant market interest.
“It was a pleasure to work with Neil in achieving his desired outcome and I wish the new owners at Clarence House all the very best in building on the fantastic reputation Normanhurst has as it embarks on a new chapter in its long history.”
Normanhurst Day Nursery was sold off an asking price of £535,000.