Holyrood Day Nursery Salford, 212 Eccles Road, Salford, M6 8AL
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Childcare facility for sale
Key features
- NIY 8.16%
- Passing Rent of £72,319
- 28 years unexpired term
- Annual RPI reviews (2%-4%collar and cap)
- Parent company guarantee
- Prime residential location
- Christie & Co Ref: 4280885
Description
Christie & Co are delighted to offer to market this valuable long let children's day nursery investment opportunity let until 2053 (no breaks) with RPI linked rent reviews (2%-4%collar and cap).
This attractive Victorian property has traded as a children's day nursery for over 20 years and is in high demand within the local community.
The property is situated in a prominent position on Eccles Old Road (A576) in the densely residential and desirable Manchester suburb of Salford, approximately 3 miles west of the city centre. The location provides many benefits, being conveniently placed a short walk from Salford Royal Hospital and within easy reach of the M602 providing direct access to both the M62 and central Manchester. The nursery is in an ideal position therefore to attract both local and commuting parents alike.
Letting AccommodationThe property comprises a three storey Victorian building
External DetailsThe property benefits from an extremely large rear garden, resourced with a range of age appropriate equipment and providing a unique competitive advantage in attracting parents comparative to other nurseries in the area. On site car parking and ample pick up/drop off space is also provided.
Investment SummaryWe are instructed to seek offers in the region of £840,000,subject to contract. An acquisition at this level would provide a net initial yield of 8.16% after allowing for purchasers costs of 5.55%.
The transaction would not attract VAT as the property is not elected and no VAT is payable on the annual rent.
Freehold
TenancyThe property is let on the remainder of a 30 year lease agreed in March 2023 on full repairing and insuring terms, and therefore has c.28 years unexpired term with no breaks. Passing rent is currently £72,319 following the most recent rent review in March 2025.
Rent reviews are annual on an index linked basis (2%-4% collar and cap).
The property is let to Thrive Childcare & Education Limited, a premium national operator of 46 children's day nurseries across England and Scotland. The lease is guaranteed by Thrive Childcare & Education Group Limited, an entity with net assets in excess of £5m and a Dun & Bradstreet rating of 2A4.
Thrive Childcare & Education is ultimately owned by Apiary Capital LLP, a mid-market private equity house with specialisms in Education, Healthcare, Business Services, Financial Services and Technology.
Brochures
Holyrood Day Nursery Salford, 212 Eccles Road, Salford, M6 8AL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ladywell Tram Stop0.6 miles
- Weaste Tram Stop0.7 miles
- Eccles Station0.8 miles
Notes
Disclaimer - Property reference 4280885-fh. 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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