Freehold Children’s Nursery Investment - Long Lease and Highly Reversionary
Entirely let to Busy Bees Day Nurseries Limited on a 125 year lease until 31st May 2119
RPI linked review in June 2014 and five yearly
Located adjacent to Broome Manor Golf Complex
Close to M4 Motorway (Junctions 15 and 16)
On-site car parking for approximately 14 cars
Rent rising to approx. £10,882 p.a.x. in June 2014
Lot 39
Auction 22nd May 2014
Rent £9,114 per Annum Exclusive
Status Sold
Price £270,000
Sector Leisure
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
40 miles west of Reading, 35 miles south-west of Oxford, 80 miles west of Central London
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon Rail
Air
Bristol International Airport
Situation
The property is located on The Fairway situated next to the Broome Manor Golf Complex off Piper Way. The property lies some 2 miles south of Swindon town centre and within close proximity of both Junction 15 and 16 of the M4 Motorway.
Tenure
Freehold.
Location
Miles
40 miles west of Reading, 35 miles south-west of Oxford, 80 miles west of Central London
Roads
A419, A420, M4 (Junction 15)
Rail
Swindon Rail
Air
Bristol International Airport
Situation
The property is located on The Fairway situated next to the Broome Manor Golf Complex off Piper Way. The property lies some 2 miles south of Swindon town centre and within close proximity of both Junction 15 and 16 of the M4 Motorway.
Tenure
Freehold.
Description
The property comprises a single storey children’s nursery with an outside play area and on-site parking for approximately 14 cars. The property benefits from an approximate site area of 0.223 hectares (0.552 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a single storey children’s nursery with an outside play area and on-site parking for approximately 14 cars. The property benefits from an approximate site area of 0.223 hectares (0.552 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Children’s Nursery
441.00 sq m
(4,745 sq ft)
BUSY BEES DAY NURSERIES LIMITED (1)
125 years from 01/06/1994 until 31/05/2119 on a full repairing and insuring lease
£9,114
01/06/2014 and five yearly
Totals
441.00 sq m
(4,745 sq ft)
£9,114 rising to approx. £10,882 p.a. x. in June 2014 (2)
(1) Established in 1983, Busy Bees is the UK’s largest childcare nursery provider, with 226 children’s nurseries nationwide. (Source: www.busybeeschildcare.co.uk 16/04/2014) (2)The rent review is RPI linked. RPI rose from 213.4 in June 2009 to 254.8 in March 2014 equating to a 19.4% increase. An equivalent increase in the current rent would therefore equate to £10,882 p.a.x. although the exact outcome of which will not be known until the rent review date.
Contacts
Seller's Solicitors
Hamlins Roxburghe House, 273-287 Regent Street London W1B 2AD
