Entirely Let to Ashbourne Day Nurseries on a new 15 year lease expiring March 2038 (No Breaks)
Established day nursery business with 27 nurseries across England
5 yearly uncapped CPI Linked rent reviews
Located in a popular residential area close to Junior and Secondary schools
VAT Free Investment
Lot 41
Auction 21st September 2023
Rent £33,600 per Annum Exclusive
Status Sold Prior
Price
Sector Education
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads
A61, A38, M1 (Junction 28)
Rail
Alfreton Railway Station
Air
East Midlands Airport
Situation
The property is located on the north side of Grange Street at its junction with Marshall Street. The property benefits from being situated in a high density residential area, close to the Woodbridge Junior School, Croft Infant School and David Nieper Academy secondary school.
Tenure
Freehold.
Location
Miles
15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads
A61, A38, M1 (Junction 28)
Rail
Alfreton Railway Station
Air
East Midlands Airport
Situation
The property is located on the north side of Grange Street at its junction with Marshall Street. The property benefits from being situated in a high density residential area, close to the Woodbridge Junior School, Croft Infant School and David Nieper Academy secondary school.
Tenure
Freehold.
Description
The property comprises a single storey children's day nursery with an outdoor education space and an onsite car park. The property has a total approximate site area of 0.1 Ha (0.25 Acres).
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a single storey children's day nursery with an outdoor education space and an onsite car park. The property has a total approximate site area of 0.1 Ha (0.25 Acres).
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Nursery
344.92
(3,721)
ASHBOURNE DAY NURSERIES LIMITED (1) with guarantee from XADUS HOLDINGS LIMITED (3)
15 years from 17/03/2023
£33,600
5 yearly to Consumer Price Index (4)
Total Approximate Floor Area
344.92
(3,721) (2)
(1) Ashbourne Day Nurseries was established in 2008 operating from 27 locations across England (www.ashbournedaynurseries.co.uk). (2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (3) For the year ending 31/12/2021, Xadus Holdings Limited reported Total Assets of £4,637,226, Net Assets of £1,442,856 and a Net Worth of £1,442,856. (Source: www.northrow.com 06/07/2023) (4) The rent will be reviewed on 17th March 2028 to the higher of the existing rent and the rent increased in accordance with the increase in Consumer Price Index (CPI) (the increase being calculated by reference to the CPI for the month before the rent review versus the CPI base figure stated as 126.4).
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.
