Old Feedback Factory, Crowborough Hill, Crowborough, East Sussex, TN6 2JL
Tydus Real Estate are excited to launch the sale of this newly developed, long income investment fully let to Busy Bees Nurseries, Screwfix and Pets Corner.
Newly developed investment consisting of a 110 place children’s day nursery, trade counter and retail/veterinary unit
Freehold
Located in an affluent, south east London commuter town
20,000 daily car movements pass by the subject property
Let to the strong covenants of Screwfix Direct Ltd, Busy Bees Nurseries Ltd and Pets Corner UK Ltd
Contracted passing rent of £298,500 per annum
WAULT of 19.9 years until expiries and 14.9 years until breaks
Extends to 13,563 sq ft GIA
EPC Rating of A throughout
All tenants have confirmed they are exceeding their trading targets by some margin since their respective openings
We are instructed to seek offers in excess of £4,670,000 (Four Million Six Hundred and Seventy Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.00% assuming purchaser’s costs of 6.58%.
Contact
Please contact us for further information regarding any of the acquisitions on our site.
Freddie Dade
07929 321 709
freddiedade@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com