Alexander Mackie to sell in-administration garden centre Cherry Hill Nurseries

Alexander Mackie Associates has received instructions from joint administrative receivers Tim Dolder and Paul Whitwam of Milton Keynes-based Tenon Recovery to secure a buyer for Cherry Hill Nurseries.

The nursery, trading as Cherry Hill Nurseries & Garden Centre, is located on the B1365 in Hemlington, Middlesbrough.

The freehold 1.5ha garden centre, nursery and coffee shop/cafe is run by three sisters, including two active partners Janet Summers and Judy Livingstone.

Sales fell from £804,000 in 2008 to £600,000 this year. The centre is averaging 40% gross profit but showing "operational net losses".

An Alexander Mackie representative said the centre needed updating and it has been hit by competition from nearby Arcadia and Klondyke centres.

He added that there were "enormous possibilities under progressive new owners".

The centre has a 1,579sq m heated glasshouse. It has unused planning consents in position to add a further 600sq m of retail sales area.

Offers for £600,000 plus stock are invited.

The Alexander Mackie representative added that interest in buying garden centres has risen over the past two months, with several parties after centres on his books, in contrast to this time last year.

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