Peartree Avenue, Southampton, City Of Southampton
Size
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Tenure
Freehold
EPC
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Parking
10
- Primary use
- Childcare or education
- Other use(s)
- Other
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Natural light
Key features
- NIY 6.5%
- 20 Year FRI Lease with No Break
- 10 Parking Spaces
- Family First Nurseries Group
Description
• Opportunity to acquire a purpose-built freehold nursery investment constructed 2013 on a 20-year FRI lease with no breaks and 5-year rent reviews, situated in a strong residential catchment in Southampton.
LOCATION
• The property is located on Peartree Avenue, in the Sholing district of Southampton. The area is densely populated with families, driving consistent demand for childcare services.
• Positioned close to Bitterne and Southampton city centre, with good access to the M27 motorway.
DESCRIPTION
• A detached former residential property that has been converted and significantly extended (twice since 2013) to function as a modern-day nursery. The internal area is estimated at approximately 330 SQM (3,552 SqFt) following recent extensions.
• The site includes a private forecourt providing 10 parking spaces.
• All mains services (gas, electric, water) are connected.
• There is an outbuilding used as storage for outdoor play equipment, approx. 8 x 4m, it is built with insulated cavity wall & pitched tile roof.
• The building is currently let on a 20-year FRI lease from October 2022 with no break clauses and 5-year rent reviews, generating £84,756 per annum.
• Tenant Woodberry Day Nursery (Peartree) Ltd is part of Family First Nurseries Group backed by August Equity.
• Insurance is paid by the landlord and recovered fully from the tenant.
TERMS
• The property is not elected for VAT.
• The property is offered freehold.
• Offers in excess of £1,300,000 (reflecting a 6.5% Yield).
- Service charge
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- Business rates
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- Use class
- E
- Year renovated
- 2013
- Listed building
- No
- Floors in building
- 1
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Peartree Avenue, Southampton, City Of Southampton
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Disclaimer - Property reference NURSERYSOUTHAMPTON. 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 Di Properties Ltd, London. 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.