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St. Swithin Nursery, 357 Great Western Road, Aberdeen, AB10 6NU

POA
Christie & Co, Childcare
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SECTOR

Childcare facility for sale

Key features

  • Asset sale of closed nursery
  • Previously registered for 41 children
  • Semi-detached conversion in good location
  • Lease in place to 2041 with break option 2031
  • Fully repairing and insuring lease
  • Energy Rating D
  • Christie & Co Ref: 5280096

Description

Description

The former Bright Horizons St Swithin Early Learning & Childcare Nursery on Great Western Road, Aberdeen is being marketed by Christie & Co as a vacant children’s day nursery.

Having closed in March 2024 the property could easily be re-established and rebranded as a children’s nursery again, with a previous capacity for 41 children aged 0-3 years old. Alternatively subject to change of use, it would be ideal for an alternative community-based facility within Class 10 or Class 11 use.

The current lease runs on a fully repairing and insuring basis until 2041 with a current annual rent of £46,174. There is a tenant break option available with nine months’ notice for the 11/03/2031.

Location

The property is located in a vibrant and densely populated residential area just off the center of Aberdeen.

Formerly a nursery, the site is set within easy access to local schools and other amenities including a library, community center, and several parks. Albyn Hospital is situated less than a mile away.
Albyn School, St Margaret's School, Robert Gordon's College, and the International School at Pitfodels are located within area. Additionally, families will appreciate the nearby Ashley Road Primary School, Broomhill Nursery & Primary School, and Aberdeen Grammar School.

Aberdeen Train Station is conveniently located less than two miles from the property. Aberdeen International Airport is just a 20-minute drive away, and regular bus services connect the area to various parts of the city. The A90, A92 and A96 motorways are also easily accessible to get in and out of Aberdeen.

Internal Details

Previously registered for 41 children aged from 0-3 years, children had access to six playrooms spread across two floors with an enclosed garden space to the rear of the property.

The ground floor was registered for c. 20 babies aged 0-2 years old and comprises of three playrooms, a cloakroom, a sleep room, changing room, boiler room and several storage areas.
Upstairs the first floor was used for 2–3-year-olds, with rooms that accommodated c. 20 children. This included three playrooms and a craft room with integrated kitchen as well as a children’s toilet with space for two stalls.

Finally, the second floor was utilised as a separate staff space which includes a staff room, two staff toilets and two rooms offering additional storage space.

External Details

The building has been converted from a former residential property into a children’s nursery. It is situated within a semi-detached granite townhouse, featuring an enclosed garden space to the rear and ample roadside parking, which was utilised by parents.

The top floor accommodation is housed within a habitable roof truss configuration, while the south elevation includes a single storey cavity extension with a rendered finish.

The exterior showcases exposed, pointed granite masonry, with load-bearing walls made of finely tooled and flush ashlar cut masonry units. Minor carved stone detailing can be found around the entrance door. The main section of the roof features a double dual-pitched and hipped timber trussed design, while the low extension at the south elevation has a timber mono-pitched roof, which is overlaid with timber sarking and grey roof slate. The original timber trussed roofs are also overlaid with timber sarking boards, grey roof slate, lead ridge and hip flashings, and cement fillets along the joins with masonry dividing walls and chimney upstands.

The Opportunity

Christie & Co are pleased to bring to market St Swithin Early Learning and Childcare on Great Western Road, a vacant leasehold asset sale opportunity in the heart of Aberdeen situated out of a three-storey semi-detached building.

After eight years of operating St. Swithin Early Learning and Childcare, Great Western Road closed due to several factors including cost to benefit margins for increasing registration to full 0-5 yrs and EBITDA losses exceeding occupancy costs following the pandemic.

The building itself is permitted for Class 10 or Class 11 use and would be suitable for alternative use pending landlord approval.

This presents a great opportunity for interested buyers looking to acquire their first nursery, parties looking to use the site for permitted alternative use or a local operator looking to use the setting as a feeder unit to increase occupancy for 3-5yrs once children age out of the registration for the site.

Tenure

The property is being sold as a vacant leasehold asset on a fully repairing and insuring basis with the lease running up to 10/03/2041 having been created on the 11/03/2016. There is a tenant break option available with nine months’ notice for the 11/03/2031.

Currently the annual rent is £46,174 (VAT exempt, the landlord is covenanted not to charge).
Rent reviews are carried out every five years with the next review due in 2026 and reviews are upwards only in line with RPI and capped at 4%/ collared at 2%. The building is registered under class 10 usage (Non-Residential Institutions) or other class 10/ 11 use subject to landlord consent not unreasonably withheld.

Business Rates

The Rateable Value as of 1st April 2023 is £26,000. Confirmation of actual rates payable can be obtained from the local Authority.

Regulatory

The property was formerly registered to provide a care service to a maximum of 41 children aged from birth to 3 years where no more than 20 have not yet reached their second birthday.

Bright Horizons attempted to extend the registration to allow full provision of 0-5yr’s which was approved with conditions in August 2023, the decision was made to close the nursery as of March 2024.

Conditions noted below of which the only outstanding conditions to be met at the time of closure were 02 and 03:

(01) DURATION OF PERMISSION - The development to which this notice relates must be begun not later than the expiration of 3 years beginning with the date of this notice. If development has not begun at the expiration of the 3-year period, the planning permission lapses.
(02) CYCLE PARKING - No development shall take place pursuant to this permission unless a scheme of secure cycle parking to be provided on site has been submitted to and approved in writing by the Planning Authority. The variation to the site capacity hereby approved shall not take place unless the required secure cycle parking, as required by the approved scheme, has been provided.
(03) WASTE/ RECYCLING STORAGE - No development shall take place pursuant to this permission unless a scheme of secure segregated waste and recycling storage to be provided on site has been submitted to and approved in writing by the Planning Authority. The variation to the site capacity hereby approved shall not take place unless the required storage, as required by the approved scheme, has been provided.
(04) HOURS OF USE RESTRICTION - That the nursery use hereby approved shall be restricted to the hours between 0730 and 1800, Monday to Friday inclusive.

Care Inspectorate attended in connection to the application and did comment that the existing changing facilities would not comply with the new standards.

Energy Performance Certificates

EPC 1

Brochures

St. Swithin Nursery, 357 Great Western Road, Aberdeen, AB10 6NU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Aberdeen Station1.3 miles
  • Dyce Station5.5 miles

About Christie & Co, Childcare

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5280096-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Childcare. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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