Newly developed 110 place children’s day nursery investment

• Single let to Busy Bees Nurseries Ltd on a brand new 20 year lease

• Busy Bees are the UK’s largest day nursery chain with over 400 locations nationwide

• Contracted passing rent of £155,000 per annum plus VAT, which equates to £21.46 per sq ft on a GIA basis

• Five yearly, index-linked, upwards only rent reviews subject to CPI uplifts with a collar and cap of 1% - 3% per annum

• Standalone building extending to 7,224 sq ft GIA over ground and first floors with an enclosed outdoor garden and 16 demised car parking spaces

• EPC rating of A

• Share of freehold

• Located in an affluent, Regency town

• Busy Bees latest accounts for the year to date 31.12.2024 show a 147% increase in profits (c.£46m) from the previous year

We are instructed to seek offers in excess of £2,330,000 (Two Million Three Hundred and Thirty Thousand Pounds), subject to contract and exclusive of VAT. After allowing for purchasers costs of 6.35% this would reflect: 

• Net initial yield: 6.25%

• Reversionary yield: 7.25% (July 2030)*

* Assuming a CPI increase of 3%