Terraced house for sale

Nursery in South London

£399,900

Property Description

Key features

  • Leasehold Nursery For Sale
  • Registered: 54 places
  • Dedicated Building
  • Established 8 years
  • Outdoor Play Area
  • Rent: 28,800 per annum
  • Ofsted 2017 Rating of Good Standard
  • Excellent Location
  • Accounts Available
  • Stardard references are required

Full description

Tenure: Leasehold

ORE are delighted to offer this Day Nursery for sale located within a densely populated residential area of South East London and within short distance of major transport links including an underground railway station. Historically a nursery has been established in this location for over 8 years, with an Ofsted 2017 rating of good and as such benefits from strong community ties. The self-contained and dedicated premises held on a Lease and pre-school age groups and premises further includes office, kitchen and outdoor play area facilities.

This nursery provides a fantastic opportunity to purchase this new nursery business, with superb opportunity to extend the business and profits significantly with minimal capital outlay.

Please note it is a discrete sale and all appointments must be through Oakville Real Estates.

Description
ORE are delighted to offer this Day Nursery for sale located within a densely populated residential area of South London and within short distance of major transport links including an underground railway station. Historically a nursery has been established in this location for over 8 years, with an Ofsted 2017 rating of good and as such benefits from strong community ties. The self-contained and dedicated premises held on a renewable lease with play areas allocated for baby and pre-school age groups and includes office, kitchen and outdoor play area facilities.

This nursery provides a fantastic opportunity to purchase this new nursery business, with superb opportunity to extend the business and profits significantly with minimal capital outlay.

Registered Numbers
This nursery is registered for 54 children which includes children aged 0 months – 2 years and pre-school (3-5 years). There are currently 80 children on the roll at the time of listing and a waiting list stretching into 2018.

Demographics
The total population of the borough is 275,900, an increase of 27,000 (9.8%) since the 2001 Census. There are more females (51.1%) than males (48.9%) in the Borough. The proportion of population aged 0-19 at 25.4% is slightly higher than the England average of 24.0%.

Property
The Nursery is in a self-contained building which benefits from exclusive use of the business premises. The nursery operates over two floors with one large pre-school room on the ground floor and further areas on the first floor catering for baby's to toddlers also a room at the front and a purpose built one to the rear, other uses and benefits from a outdoor play area as well.

We know the importance and effect of the surroundings upon children and the outlay of this premises is inviting and colourful providing ideal environment for a nurturing, happy and productive nursery.

The bright and airy secured entrance leads to the front play area which is adjoining the fitted kitchen and leads on to the first floor with office. The baby and pre-school areas are equipped with new toys, learning aids and furniture. There are wc facilities available on both floors.

The Pre-school is equipped with a Montessori Ethos in mind and is led by a fully qualified Montessori teacher

There is an abundant amount of storage for the dividers, toys and other equipment and design for quick and easy setup.

Business
The nursery's current turnover is y/e 2014 is in excess of £450,00 and in the preceding y/e 2013 the turnover was in excess of £450,000 (Records and accounts can be inspected when viewing the business). 2015 financial year turnover around £495,000.

The fee rates are as follow: under 2's years are £270 per week and 2-3 years are £245 per week and over 3's years are £240per week full time.

The nursery is open between 08:00 - 18:00 Monday to Friday totalling 51 weeks a year.

Staff
There are 15 members of staff with a majority qualified to levels 3 - 7.

Accommodation
There is no residential accommodation associated with this nursery

Lease Terms & Tenure
This business is held on a Non Renewable Lease basis which commenced in 2016 for a term of 15 years from December 2016. The annual rent is £28,800 per annum with a 5 yearly rent review period.

Lease includes a break clause in favour of Landlord exercisable only after 10th of the Lease with six months notice

The rateable value is £27,000 as stated on the 2010 rating list.

Premium
A premium of around £399,900 is sought for the business, fixtures and fittings and business goodwill.

Legal Costs
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewings Arrangements
Viewings highly recommended. Please note it is discrete sale and all appointments must be through ORE on 02084729090.


More information from this agent

Listing History

Added on Rightmove:
26 May 2017

Nearest stations

  • Sydenham (0.4 mi)
  • Penge East (0.5 mi)
  • Lower Sydenham (0.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Oakville Real Estate, East Ham

217 High Street North, London, E6 1JG

020 8012 3973 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Sydenham (0.4 mi)
  • Penge East (0.5 mi)
  • Lower Sydenham (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Oakville Real Estate, East Ham

217 High Street North, London, E6 1JG

020 8012 3973 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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