Let to Kids of Wilmslow Ltd with surety from Kidsunlimited Ltd until 2029 (subject to option)
Fixed rental uplifts in 2014 and 2019
Located on established Cambridgeshire Business Park
Nearby occupiers include Cambridge Life Sciences and Melrose Press
Rent rising to £169,429 per annum exclusive in 2019
Six week completion available
Lot 47
Auction 9th December 2010
Rent £126,071 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
16 miles north-east of Cambridge, 30 miles south-east of Peterborough, 60 miles south-west of Norwich
Roads
A10, A142, M11, A1(M)
Rail
Ely Rail
Air
Stansted Airport
Situation
The property is located within Cambridgeshire Business Park on the south-eastern side of Angel Drove (A142) and a short distance from the junction with the A10 (Cambridge Road). Cambridgeshire Business Park is the main business area of the city.
Tenure
Freehold.
Location
16 miles north-east of Cambridge, 30 miles south-east of Peterborough, 60 miles south-west of Norwich
Roads
A10, A142, M11, A1(M)
Rail
Ely Rail
Air
Stansted Airport
Situation
The property is located within Cambridgeshire Business Park on the south-eastern side of Angel Drove (A142) and a short distance from the junction with the A10 (Cambridge Road). Cambridgeshire Business Park is the main business area of the city.
Tenure
Freehold.
Description
The property comprises a purpose built DAY NURSERY on ground and first floors. Externally, there is a PLAY AREA divided from the car park by a SINGLE STOREY BUGGY AND TOY STORE. The property benefits from 21 car parking spaces.
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 purpose built DAY NURSERY on ground and first floors. Externally, there is a PLAY AREA divided from the car park by a SINGLE STOREY BUGGY AND TOY STORE. The property benefits from 21 car parking spaces.
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 First External Store
Nursery Nursery
480.00 sq m 226.50 sq m 11.00 sq m
(5,167 sq ft) (2,438 sq ft) (118 sq ft)
KIDS OF WILMSLOW LTD (with surety from KIDSUNLIMITED LTD) (1)
26 years from 28/11/2003 on a full repairing and insuring lease (2)
£126,071
2014 and 2019 (3)
Totals
717.50 sq m
(7,723 sq ft)
£126,071
(1) For the year ending 30th April 2009, Kidsunlimited reported a turnover of £33,280,000, a pre-tax profit of £3,026,000 and a net worth of £3,198,000. (Source: www.riskdisk.com 10/11/2010)(2) The lease provides for a tenant’s option to determine the lease in August 2024 on giving nine months written notice.(3) The lease provides for fixed increases in rent at 3% per annum compounded. Therefore the rent will increase to £146,141 per annum exclusive in 2014 and £169,429 per annum exclusive in 2019.
