Childrens Day Nurseries for sale in Chingford

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Y. MacGregor (Nov 2017)
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Freehold Price: £1,350,000 Leasehold Price: £250,000
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Business Description
Affluent Residential Trading Area
Freehold & Leasehold Options
3 Storey Detached Property
Corner Plot With Gardens
Registered For 50, Potential For 100
Fully Equipped Turnkey Opportunity
Possible Expansion With Land
Plenty Of Free Parking
High Demand For Reopening
EPC - C
REF 6434 – Freehold Turnkey Children’s Day Nursery (Leasehold Option Available)

Blacks Brokers are pleased to bring to the market this freehold closed children’s day nursery (with leasehold option available) located in the affluent and much sought-after area of Chingford, Greater London.

INTRODUCTION

Little Miracles Day Nursery was established by our client in 2013 to fulfil local demand for a nursery in this area of Chingford. The business had established itself extremely well within the area, offering places for 50 children within this impressive, detached property located within a large corner plot of land. Currently the nursery is closed for business and will be re-opening on the 3rd September 2018. Nursery went through a Suspension Order by Ofsted for a period of 6 weeks and the order was lifted before the 6 weeks ended. There is a shortage of nurseries in this area and our client advises us that there is a large number of parents and carers waiting for the nursery to reopen its doors.

LOCATION

Located on Friday Hill East in Chingford, East London, the area is well linked by the M11 and North Circular Road. This is a much sought after residential area with a good amount of schools close by. Pimp Hall Park and Nature Reserve are both within a short distance of this property.

LEASE

This is predominantly a freehold proposition; however, if a leasehold option is preferred: The building will be made available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The new lease will be fully negotiated with our client, it will run at a cost of £692 per week for 10 – 15 years.

BUILDING LAYOUT AND DESIGN

58 Friday Hill East is a spacious, three storey, detached property positioned within a sizeable corner plot. The nursery is entered at the ground floor via a secure entrance which leads into a hallway. From here, the baby room, toddler room, toilets, staff toilet and a baby change area are all accessible. Each room has been carefully furnished with age appropriate décor, toys and equipment. The first floor comprises of a large landing space which leads through to two pre-school classrooms, toilets and changing area – as with the ground floor, each room has been designed with the children in mind and is presented very nicely. It has a light and airy feel with a combination of wooden and carpeted flooring with home area, reading area, free play space and much more. Finally, on the second floor there is an office with storage space, staff cloakroom, fully equipped kitchen and boiler room.

At the rear of the building is a sheltered decked area, two secure outdoor play areas and a babies only play garden. The grounds additionally boast a well manicured front garden, a car park with four spaces and a shared driveway.

There is potential to replace the sheltered decked area with a conservatory and construct an outbuilding over the car park (this is possible because there is plenty of free unlimited roadside parking immediately outside). Our client advises us that this could facilitate doubling the capacity from 50 to 100 places.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This freehold property and business offers a range of options for a new owner including a leasehold option if preferred. The property sits of a sizable corner plot in a much sought after area of London that offers expansion opportunities. There is plenty of scope to develop the business further simply by reopening and the capacity would quickly rebuild due to local demand. This proposition would ideally suit an existing nursery looking to open within a fully equipped site in this popular area. Early viewings are strongly advised. Fixtures:
All Fixtures & Fittings Are Included In The Sale
Trading Hours:
Currently Not Trading But OFSTED Registration In Place

Tenure: Freehold, Leasehold

Location Details: Chingford

Leasehold Term: Rent: £692 Per Week

Listed by: Abacus Day Nursery Sales

Find out more about this business opportunity.

 
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6434
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