Portishead/Ringwood - Ellingham, Lakehouse & Stationhouse Day Nurseries

Investment Consideration:
Rental Income: £240,000 p.a.
VAT is NOT applicable to this property
Each property let until 2047 (no breaks). Rent reviews every 5th Year linked to RPI
VAT is NOT applicable to this property
Comprises portfolio of 3 Nurseries (2 in Portishead and 1 in Ringwood)
Let to successful operator with multiple locations across UK.

Ellingham House Day Nursery, Ringwood BH24 3PJ
The property comprises two-storey detached nursery on a large plot of 2.25 acres land. The ground floor provides dining area, commercial kitchen, cloakrooms, changing areas and WCs. The first floor accommodation is similar in style to each ground floor element and is used for the baby element with associated kitchen, offices and staff WCs. There are also two outbuildings used as staff/laundry room and temporary pre-school.
Ground Floor: 162.08 sq m (1,744 sq ft)
Conservatory, Play Area, Storage, Office, WCs
First Floor: 108.91 sq m (1,172 sq ft)
Sleeping Rooms, Kitchen, Office, Storage, WCs
Outbuilding: 16.22 sq m (175 sq ft)
Staff and Laundry Room
Outbuilding: 76.62 sq m (825 sq ft)
Temporary pre-school
Total net internal area: 364 sq m (3,916 sq ft)

Lakehouse Nursery, 49 Beach Road, Portishead BS20 7HX
The property comprises late Victorian three-storey detached house with modern rear extensions and two conservatories, operating as a children`s day nursery. The property benefits from external garden areas, which are substantially surfaced in artificial grass or similar materials to provide all weather play, providing the following accommodation and dimensions:
Ground Floor: 107.81 sq m (1,160 sq ft)
Reception, Sleep Rooms, Storage, Kitchen, WCs
First Floor: 64.44 sq m (694 sq ft)
4 Playrooms, Staff WC
Second Floor: 13.96 sq m (150 sq ft)
Ancillary, Office Room
Total net internal area: 186.21 sq m (2,004 sq ft)

Stationhouse Nursery, Station Road, Portishead BS20 7BZ
Comprises 2 buildings, 1 two-storey detached and 1 two-storey semi-detached house, operating as a children`s day nursery and benefit from large car park and 2 garages at rear.
The properties provide the following accommodation and dimensions:
Stationhouse: 212.49 sq m (2,288 sq ft)
Ground Floor: Reception, Play Area, Kitchen, Offices, WCs
First Floor: Nursery Rooms, Staff Area, WCs
1 South Avenue: 136.61 sq m (1,471 sq ft)
Ground Floor: Reception, Play Area
First Floor: Offices, Storage
Loft: Ancillary/Residential
Total net internal area: 349 sq m (3,759 sq ft)