DescriptionThe accommodation extends to approximately 5,000 sq ft following the addition of a mezzanine floor, providing generous internal space suitable for childcare use. The layout allows for flexible configuration of playrooms, staff areas and ancillary accommodation in line with Ofsted requirements. The scale and configuration of the building support a nursery operation with capacity for approximately 100 children.
LocationThe property is situated within a well‑established residential area, benefiting from strong local demographics and consistent demand for childcare provision. The location is within close proximity to a mainline railway station, offering convenient access for working parents and staff. This combination of residential density and transport connectivity underpins the long‑term suitability of the site for nursery use.
Recent Planning Applications nearby have also been approved to build c.200 new residential units nearby, further underpinning the demand for childcare in the local vicinity.
Internal DetailsThe accommodation is arranged over ground and mezzanine levels, providing flexible internal space capable of accommodating playrooms, sleep areas, staff facilities and ancillary accommodation in line with operational requirements.
External DetailsThe property benefits from a purpose‑configured commercial layout within a predominantly residential environment. External access and frontage are considered suitable for childcare use, with the surrounding area providing a safe and appropriate setting for an early years operation. The setting also has two parking spaces allocated, allowing for appropriate pick up and drop off.
The OpportunityThe property presents an opportunity to operate a sizeable nursery within a predominantly residential environment, close to a railway station. This makes the setting ideal for commuting parents as well as families living locally. The size of the accommodation and its long‑term tenure profile make it well suited to both owner‑operators and group providers seeking a scalable, well‑located asset.
TenureThe property is currently held on a virtual freehold basis under a lease of 995 years. As part of the transaction, a new occupational FRI lease is to be created on a 20‑year term. The lease will provide for five‑yearly open market rent reviews on an upwards‑only basis, with no break clauses, offering strong security of tenure for an incoming operator.
As part of the new lease, the seller is agreeable to negotiating rent-free periods to reduce initial capex required by the operator.
Alternatively, the virtual freehold can be purchased from the seller, for £1,000,000.