No longer on the market
This property is no longer on the market
MapMixed use
Mixed use
2510
Features and description
- Day Nursery Investment
- Detached building
- 2,510 sq ft NIA
- Accommodation arranged over ground & 2 upper floors
- Gas fired central heating
- Private car parking
- Extensive rear & side play areas of circa 2,077 sq ft
- First floor balcony
- Trading since 2008
- Tenant is part of Family First Nurseries Group backed by August Equity
The property comprises a detached building of brick construction under a pitched tiled roof with a series of Velux windows to the south east and north west elevations. To the rear are a mono pitched extension of similar construction plus a small flat roofed storage area. Accommodation is arranged over ground & 2 upper floors providing a range of nursery, office, kitchen, breakout & ancillary space. The ground floor offers mainly nursery space with ancillary reception, kitchen & WC facilities. The first floor provides nursery space and WCs with useful storage, break out and office on the second floor. Amenities include double glazed windows & doors, gas fired central heating, security alarm, staff thumbprint entry system plus first floor balcony.
Externally the property benefits from extensive fenced rear & side play areas, a small part of which is covered. There is private car parking fronting the main road providing safe access to the building.
ACCOMMODATION
According to the Valuation Office Agency (VOA) website the accommodation comprises:
Sq ft Sq M
Ground floor nursery & ancillaries 1,413, 131.27
First floor nursery 752, 69.86
Second floor office, break & storage 345, 32.05
TOTAL Net Internal Area (NIA) 2,510, 233.18
External play areas total approximately 2,077 193
PRICE
Offers in the region of £1,375,000 plus VAT if appropriate.
RATEABLE VALUE
Online enquiry confirms a RV of £33,750 effective from the 1 April 2017 which from 1 April 2023 is due to drop to £24,250. Interested parties are advised to contact the Local Authority for confirmation.
EPC RATING
The property has an EPC rating of D92 valid until the 12 August 2028 under certificate number 9432-3028-0183-0100-2105.
UTILITIES
We understand that there is mains electricity, gas, water & drainage connected.
CURRENT TENANCY
• Family First Nurseries Group (familyfirstnurseries.co.uk) t/a Woodberry Day Nursery (Sholing) Limited;
• New 20 year FRI lease from October 2022, although tenant has been in occupation since 2008;
• No break options;
• Passing rental £81,360 pax subject to 5 yearly rent reviews;
• Schedule of Condition attached to the lease (copy available upon request);
• Use – Children’s Day Nursery within Cl
• ass E(f);
• March 2022 accounts show a £571k turnover with a £183k profit.
VIEWINGS
Strictly by appointment with sole agent Trinity Rose Commercial with whom all negotiations must be conducted.
Andy Gibbs,[use Contact Agent Button], [use Contact Agent Button]
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. All prices quoted will be subject to VAT provisions.
Woodberry Day Nursery occupies a prominent position on the B3033 Botley Road in Sholing diagonally opposite the junction with Shop Lane. Situated in a mainly residential area there is easy access to J8 M27 via the A3024 or J7 M27 via the A3024, A27 (Kanes Hill) and Charles Watts Way. Along with substantial port facilities in Southampton, Southampton Airport & Parkway Station are located to the north east with easy access off Junction 5 of the M27.
Externally the property benefits from extensive fenced rear & side play areas, a small part of which is covered. There is private car parking fronting the main road providing safe access to the building.
ACCOMMODATION
According to the Valuation Office Agency (VOA) website the accommodation comprises:
Sq ft Sq M
Ground floor nursery & ancillaries 1,413, 131.27
First floor nursery 752, 69.86
Second floor office, break & storage 345, 32.05
TOTAL Net Internal Area (NIA) 2,510, 233.18
External play areas total approximately 2,077 193
PRICE
Offers in the region of £1,375,000 plus VAT if appropriate.
RATEABLE VALUE
Online enquiry confirms a RV of £33,750 effective from the 1 April 2017 which from 1 April 2023 is due to drop to £24,250. Interested parties are advised to contact the Local Authority for confirmation.
EPC RATING
The property has an EPC rating of D92 valid until the 12 August 2028 under certificate number 9432-3028-0183-0100-2105.
UTILITIES
We understand that there is mains electricity, gas, water & drainage connected.
CURRENT TENANCY
• Family First Nurseries Group (familyfirstnurseries.co.uk) t/a Woodberry Day Nursery (Sholing) Limited;
• New 20 year FRI lease from October 2022, although tenant has been in occupation since 2008;
• No break options;
• Passing rental £81,360 pax subject to 5 yearly rent reviews;
• Schedule of Condition attached to the lease (copy available upon request);
• Use – Children’s Day Nursery within Cl
• ass E(f);
• March 2022 accounts show a £571k turnover with a £183k profit.
VIEWINGS
Strictly by appointment with sole agent Trinity Rose Commercial with whom all negotiations must be conducted.
Andy Gibbs,[use Contact Agent Button], [use Contact Agent Button]
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. All prices quoted will be subject to VAT provisions.
Woodberry Day Nursery occupies a prominent position on the B3033 Botley Road in Sholing diagonally opposite the junction with Shop Lane. Situated in a mainly residential area there is easy access to J8 M27 via the A3024 or J7 M27 via the A3024, A27 (Kanes Hill) and Charles Watts Way. Along with substantial port facilities in Southampton, Southampton Airport & Parkway Station are located to the north east with easy access off Junction 5 of the M27.