Ashbourne Day Nursery Grange Mews, Grange Street Alfreton Derbyshire DE55 7JA

Ashbourne Day Nursery
Grange Mews, Grange Street
Alfreton
Derbyshire
DE55 7JA

Freehold Nursery Investment

Entirely Let to Ashbourne Day Nurseries on a new 15 year lease expiring March 2038 (No Breaks)
Established day nursery business with 27 nurseries across England
5 yearly uncapped CPI Linked rent reviews
Located in a popular residential area close to Junior and Secondary schools
VAT Free Investment

Lot
41
Auction
21st September 2023
Rent
£33,600 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Nursery Investment

Entirely Let to Ashbourne Day Nurseries on a new 15 year lease expiring March 2038 (No Breaks)
Established day nursery business with 27 nurseries across England
5 yearly uncapped CPI Linked rent reviews
Located in a popular residential area close to Junior and Secondary schools
VAT Free Investment

Lot 41
Auction 21st September 2023
Rent £33,600 per Annum Exclusive
Status Sold Prior
Price
Sector
Education
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

The property is located on the north side of Grange Street at its junction with Marshall Street. The property benefits from being situated in a high density residential area, close to the Woodbridge Junior School, Croft Infant School and David Nieper Academy secondary school.

Tenure

Freehold.

Location

Miles: 15 miles north-west of Nottingham, 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey children's day nursery with an outdoor education space and an onsite car park. The property has a total approximate site area of 0.1 Ha (0.25 Acres).

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a single storey children's day nursery with an outdoor education space and an onsite car park. The property has a total approximate site area of 0.1 Ha (0.25 Acres).

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Nursery	344.92	(3,721)	ASHBOURNE DAY NURSERIES LIMITED (1) with guarantee from XADUS HOLDINGS LIMITED (3)	15 years from 17/03/2023	£33,600	5 yearly to Consumer Price Index (4)
Total Approximate Floor Area		344.92	(3,721) (2)

(1) Ashbourne Day Nurseries was established in 2008 operating from 27 locations across England (www.ashbournedaynurseries.co.uk).
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(3) For the year ending 31/12/2021, Xadus Holdings Limited reported Total Assets of £4,637,226, Net Assets of £1,442,856 and a Net Worth of £1,442,856. (Source: www.northrow.com 06/07/2023)
(4) The rent will be reviewed on 17th March 2028 to the higher of the existing rent and the rent increased in accordance with the increase in Consumer Price Index (CPI) (the increase being calculated by reference to the CPI for the month before the rent review versus the CPI base figure stated as 126.4).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.