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Commercial Property for sale

Nursery in South London

£399,900

Property Description

Key features

  • Leasehold Nursery For Sale
  • Registered: 54 places
  • Dedicated Building
  • Separate Play Areas
  • Outdoor Play Area
  • Rent: 28,800 per annum
  • Lease Commenced: March 2009
  • Lease Length: 15 years from 12/2008
  • Fantastic Opportunity
  • Ofsted Rating of Good Standard

Full description

Tenure: Leasehold

ORE are delighted to offer this Day Nursery for sale located within a densely populated residential area of South London and within short distance of major transport links including an underground railway station. Historically a nursery has been established in this location for over 5 years, with an Ofsted rating of good and as such benefits from strong community ties. The self-contained and dedicated premises held on a Lease and pre-school age groups and premises further includes office, kitchen and outdoor play area facilities.

This nursery provides a fantastic opportunity to purchase this new nursery business, with superb opportunity to extend the business and profits significantly with minimal capital outlay.

Description
ORE are delighted to offer this Day Nursery for sale located within a densely populated residential area of South London and within short distance of major transport links including an underground railway station. Historically a nursery has been established in this location for over 5 years, with an Ofsted rating of good and as such benefits from strong community ties. The self-contained and dedicated premises held on a renewable lease with play areas allocated for baby and pre-school age groups and includes office, kitchen and outdoor play area facilities.

This nursery provides a fantastic opportunity to purchase this new nursery business, with superb opportunity to extend the business and profits significantly with minimal capital outlay.

Registered Numbers
This nursery is registered for 54 children which includes children aged 0 months – 2 years and pre-school (3-5 years). There are currently 104 children on the roll at the time of listing.

Demographics
The total population of the borough is 275,900, an increase of 27,000 (9.8%) since the 2001 Census. There are more females (51.1%) than males (48.9%) in the Borough. The proportion of population aged 0-19 at 25.4% is slightly higher than the England average of 24.0%.

Property
The Nursery is in a self-contained building which benefits from exclusive use of the business premises. The nursery operates over two floors with one large toddler play area on the ground floor and further areas on the first floor catering for baby, and other uses and benefits from a outdoor play area.

We know the importance and effect of the surroundings upon children and the outlay of this premises is inviting and colourful providing ideal environment for a nurturing, happy and productive nursery.

The bright and airy secured entrance leads to the toddler play area which is adjoining the fitted kitchen and leads on to the first floor with office. The baby and pre-school areas are equipped with new toys, learning aids and furniture. There are wc facilities available on both floors.

There is an abundant amount of storage for the dividers, toys and other equipment and design for quick and easy setup.

Business
The nursery's current turnover is y/e 2014 is in excess of £450,000 and in the preceeding y/e 2013 the turnover was in excess of £450,000 (Records and accounts can be inspected when viewing the business).

The fee rates are as follow: under 2's years are £260 per week and 2-3 years are £234 per week and over 3's years are £230per week full time.

The nursery is open between 08:00 - 18:00 Monday to Friday.

Staff
There are 15 members of staff qualified to levels 3 and 4.

Accommodation
There is no residential accommodation associated with this nursery

Lease Terms & Tenure
This business is held on a leasehold basis which commenced in March 2009 for a term of 10 years from December 2008. The annual rent is £27,000 per annum with a 5 yearly rent review period.

The rateable value is £19,750 as stated on the 2010 rating list.

Premium
A premium in excess of £470,000 is sought for the business, fixtures and fittings and business goodwill.

Legal Costs
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.


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