Former Nursery Premises, 106-108 Morning Lane Hackney, London, E9 6LH

This former high turnover popular children's day nursery is now being offered for sale. Previously this setting was operated under the Little Pioneers banner by the Midcounties Co-Operative but since closing, this property has now become surplus to their requirements. This creates an ideal opportunity for new owners to acquire what is an extensive valuable property which is held on a long leasehold basis and look to re-ignite the childcare offering which this location has the demand for.

With high footfall and passing trade, the nursery has the added benefit of being located close to the local school and is also surrounded by plenty of housing. We are advised that this nursery had previously enjoyed an annual fee income in excess of £500,000 and has the scope and potential to realise these numbers again in the right hands of an enthusiastic new owner.

This is a bustling high profile location where this nursery used to operate from the ground floor of this development. Positioned with excellent main road frontage onto Morning Lane a busy road leading into Hackney. Strategically located between Hackney Central and Homerton overground stations, the nursery enjoys excellent visibility and is ideally positioned to cater to both local and commuting parents.

The nursery is currently closed, and has been taken back to basically the bare minimum in terms of fixtures and fittings and would require a good modernisation programme to bring the aesthetic of the property back in line with the requirements for a first class day nursery.

Internally the space has been thoughtfully designed and once inside it is clearly evident that this was a popular nursery. A number of the rooms have access onto a spacious enclosed outdoor activity area which was undoubtedly very popular in this bustling location.

This building is located across the ground floor of this wider property and is the combination of a number of interconnecting rooms which can be accessed via a central corridor. In addition to the children's rooms there are various ancillary areas including a kitchen, manager's office and staff room. These can obviously be changed around to suit the vision of a new owner.

The nursery had previously been registered for 44 children and consists of 3 children's rooms offering a combined floorspace of over 112 sqm (excluding ancillary areas).

The property has a deceptively spacious garden area located to the rear which spans almost the width of the entire property.

This is an exciting opportunity to acquire a former nursery which has an ideal trading position. This is a platform for enthusiastic new owners to make the most of this location and build this nursery back up to the levels it previously traded at. The fabric of the building will need to go through a programme of modernisation but there is no reason why this nursery should not be successful again in the very near future. With a realistic asking price this building will undoubtedly be popular with new entrants to the sector or operators looking to consolidate in this location.

The property is offered to market by way of the acquisition of the long leasehold interest, of which there are 39 years remaining at a peppercorn rent.