Prime London, freehold day nursery investment opportunity with RPI reviews.

• Single let to Kido Nurseries for a term of 25 years from September 2019 with 19 years remaining

• Freehold

• Attractive detached building in affluent suburb

• Situated in close proximity to the Broadway, the heart of Crouch End

• Current contracted rent of £198,980.49 per annum

• Five yearly, index-linked upwards only rent reviews subject to RPI uplifts with a collar and cap of 2% and 3.5% per annum

• Standalone building extending to 6,261 sq ft GIA over ground and first floors with an enclosed outdoor garden

Offers are invited in excess of £3,000,000 (Three Million Pounds), subject to contract and exclusive of VAT. After allowing for purchaser’s costs this reflects:

• Net initial yield of 6.23%

• Reversionary yield of 7.22% (September 2029)*
  *Assuming a RPI increase of 3%

• Capital value of £479 psf