London Road, Waterlooville, Hampshire
Size
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Tenure
Freehold
EPC
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Parking
12
- Primary use
- Childcare or education
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
Key features
- 20-Year FRI Lease - No Break
- Parking Spaces - 12
- Family First Nurseries Group
- NIY - 6.5%
- 5-Year Rent Reviews
Description
• Opportunity to acquire a freehold purpose-built nursery investment constructed 2021 on a 20-year FRI lease with no breaks and 5-year rent reviews, including an additional outbuilding, offering immediate asset management potential.
LOCATION
• The property is situated on London Road (A3), a major arterial route in Waterlooville, Hampshire. Located in a predominantly residential area, ensuring a strong catchment for the nursery operator.
• The site benefits from excellent transport links, being close to the A3(M) for access to Portsmouth and London.
DESCRIPTION
• The property comprises a substantial detached building currently operating as a day nursery.
• The building extends to approximately 302 SQM (3,250 SqFt) (based on EPC records).
• The site benefits from a dedicated car park providing 12 spaces (10 standard + 2 tandem staff spaces).
• The freehold includes a "Granary Building" located on the site boundary. Providing an opportunity to sell to the neighbouring property (who have previously expressed interest) or develop further.
• All mains services (gas, electric, water) are connected.
• The building is currently let on a 20-year FRI lease from October 2022 with no break clauses and 5-year rent reviews, generating £94,920 per annum.
• Tenant Woodberry Day Nursery (Waterlooville) Ltd is part of Family First Nurseries Group backed by August Equity.
• Insurance is paid by the landlord and billed immediately to the tenant.
TERMS
• The property is not elected for VAT.
• The property is offered freehold.
• Offers in excess of £1,460,000 (reflecting a 6.5% Yield).
- Service charge
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- Business rates
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- Use class
- E
- Year built
- 2021
- 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.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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London Road, Waterlooville, Hampshire
About Di Properties Ltd, London
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Disclaimer - Property reference NurseryWaterlooville. 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.