This retail is now off the market

  1. Realla
  2. Shops, retail for sale
  3. Stoke-on-Trent

Bobbles Nursery, City Road, Fenton, Stoke-on-Trent, Staffordshire, ST4 2PR – Stoke-on-Trent

This retail is now off the market

Rory Mack Associates
Status
Under offer
Full address
1 Elsing Street, Stoke-on-Trent ST4 2PR – Stoke-on-Trent
Contact details

020 *** ****

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Property type
Shop, retail unit for sale
Asking price
£395,000
Sub type
Retail property (high street)
Features
Car park, Kitchen
Size
5,099 sq ft
Tenure
Freehold

Freehold sale and leaseback investment opportunity. The premises briefly comprises a detached part two storey childrens nursery extending to 5,099 sq.ft. (NIA) together with external play areas and onsite parking.
LOCATION The property is located in a mixed commercial and residential area in Fenton and is prominently located with a frontage to City Road (A5007) and an extensive return frontage to Elsing Street. There is a densely populated area of housing within close proximity and a large area of land adjacent to the site has just been granted planning permission to build 67 apartments and 28 houses (Application 63095/FUL), which will significantly improve the area.
The premises briefly comprises a detached part two storey children s nursery extending to 5,099 sq.ft. (NIA) together with external play areas and onsite parking. Internally, there are a number of different sized rooms together with staff facilities and a commercial kitchen and the property is currently registered for 114 children.
ACCOMMODATION Refering the attached floorplan, the property is mainly arranged on ground floor although there are a number of rooms at first floor level used for older children who attend after school clubs.
SERVICES All mains services are connected. Gas fired central heating is installed throughout and the property benefits from UPVC double glazing. No services have been tested by the agents.
INVESTMENT OPPORTUNITY Bobbles Day Nursery Ltd is an established business which originally began trading in March 1991. The business moved into the current premises in March 2004 after the owners of the business brought the freehold interest. The business trades profitably and when last inspected by Ofsted (28/3/14) achieved an Outstanding report. The property is registered for 114 children and employs between 19 and 23 staff and audited accounts up to April 2018 are available for interested parties to inspect. On offer is the opportunity to acquire the freehold interest in the property which will remain occupied by Bobbles Day Nursery Ltd for a 15-year lease, subject to five yearly upwards only rent reviews at an initial rent of £36,000 pax. A purchase at £395,000 with a passing rent of £36,000 provides a Return of 9.1%.

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