An increasing number of parents are going back to work sooner after having a child, meaning childcare has quickly become an important part of family conversations. This increase in demand for childcare has led to an obvious increase in demand for nurseries and childcare properties. And this is more than likely going to continue as the government continues its aim to at least double the number of funded childcare hours for working parents
of children up to the age of four.
Because of the increase in demand, the availability of funding the purchase and development of these facilities has drastically improved in recent years. However, there is a distinct shortage of the ‘perfect’ locations to build these properties, and a lot of investors have chosen to convert new-builds or existing buildings into fully-fledged nurseries.
With the recent relaxation of planning regulations, these conversions have proven popular and there has been an increasing number of properties built from varying bases.
If you are thinking about purchasing an existing nursery business, developing a new one or adding to your current portfolio, you should seek the advice of a specialist mortgage adviser.