Montessori by Ashbourne Nursery 107 Bois Moor Road Chesham Buckinghamshire HP5 1SS

Montessori by Ashbourne Nursery
107 Bois Moor Road
Chesham
Buckinghamshire
HP5 1SS

Freehold Children's Nursery Investment

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
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

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Freehold Children's Nursery Investment

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

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

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.