Majority let to Ashbourne Day Nurseries Limited (t/a Bois Moor Montessori by Ashbourne)
Let on a 15 year lease expiring December 2036 (no breaks)
5-yearly RPI linked rent reviews (collar 1% pa and cap 3% pa)
Includes two flats above let on long leases
Future residential potential (subject to consents)
VAT free investment
Lot 4
Auction 21st September 2023
Rent £47,500 per Annum Exclusive
Status Sold Post
Price
Sector Education
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
Property Information
Location
Miles
11 miles south-east of Aylesbury, 25 miles north-west of Central London
Roads
A416, M1, M4, M25, M40
Rail
Chesham Underground Station (Metropolitan Line)
Air
London Luton Airport, London Heathrow Airport
Situation
Chesham is an attractive Buckinghamshire market town situated on the south side of the Chiltern Hills. The property is located on a quiet residential street overlooking Chesham Moor and close to Chesham town centre, with Chesham Underground Station (Metropolitan Line) about 1 mile north of the property. The Chesham Gym & Swim Leisure Centre is approximately 300 yards north-west of the property.
Tenure
Freehold.
Location
Miles
11 miles south-east of Aylesbury, 25 miles north-west of Central London
Roads
A416, M1, M4, M25, M40
Rail
Chesham Underground Station (Metropolitan Line)
Air
London Luton Airport, London Heathrow Airport
Situation
Chesham is an attractive Buckinghamshire market town situated on the south side of the Chiltern Hills. The property is located on a quiet residential street overlooking Chesham Moor and close to Chesham town centre, with Chesham Underground Station (Metropolitan Line) about 1 mile north of the property. The Chesham Gym & Swim Leisure Centre is approximately 300 yards north-west of the property.
Tenure
Freehold.
Description
The property comprises a children's nursery (with capacity for 65 children) arranged on part ground and part first floor with two residential flats let on long leases arranged on remaining part of the ground and first floors. The property benefits from over 15 car parking spaces with 2 spaces allocated to the residential flat tenants.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises a children's nursery (with capacity for 65 children) arranged on part ground and part first floor with two residential flats let on long leases arranged on remaining part of the ground and first floors. The property benefits from over 15 car parking spaces with 2 spaces allocated to the residential flat tenants.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
RPI Rent Reviews (2)
Part Ground Part First
Nursery/Ancillary Office/Ancillary
197.10 34.90
(2,122) (375)
ASHBOURNE DAY NURSERIES LIMITED (1) (t/a Bois Moor Montessori by Ashbourne) on a full repairing and insuring lease
15 years from 14/12/2021 on a full repairing and insuring lease
£47,500
14/12/2026 and 14/12/2031
Part Ground/Part First (including two car parking spaces)
2 Residential Flats
-
-
AN INDIVIDUAL
Two leases held on 125 years from 29/07/2005 and 22/06/2006 respectively
Peppercorn
-
Total Commercial Area
232.00
(2,497)
£47,500
(1) www.montessoribyashbourne.com (2) 5-yearly RPI linked rent reviews (collar 1% pa and cap 3% pa)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
