• Two bespoke children’s day nursery investments located in Ashtead and Leatherhead, Surrey

• Single let to Cognita Schools Limited for a term of 150 years from August 2021, offering attractive, long dated income benefitting from 145 years unexpired

• Cognita Schools have over 90 schools across 21 countries and are majority owned by Jacobs Capital. The ultimate parent company is Cognita UK Holdings Limited which has a credit score 86A with shareholder funds of £260,000,000

• The total rent receivable across all titles is a very low rent of £89,482.84 per annum

• The properties benefit from annual rent reviews to CPIH plus 0.9% collared and capped at 1% and 5%

• Two standalone buildings extending to 12,949 sq ft Gross Internal Area. (Ashtead – 3,645 sq ft GIA & Leatherhead – 9,304 sq ft GIA)

• Both properties are EPC C

Offers sought in excess of £1,615,000, subject to contract and exclusive of VAT. A transaction at this level reflects a NIY of 5.22% (assuming 6.15% costs) and a low capital value of £125 psf based on the GIA.