Property Title: Project North - Purpose-built Freehold Nursery in Eastern England

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 01 Mar 2024

Location: East Midlands

Guide Price: Bids Invited (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: RDK 50268

Description

Project North - Purpose-built Freehold Nursery in Eastern England

Key Features of the Opportunity
Delightful purpose-built freehold property with a separate purpose-built baby pod
Leasehold option available - a new 15 year lease with an initial rent of £62,400 PA
Capacity for 101 children from birth to 5 years
Rated 'Good' in latest Ofsted inspection
Established for over 20 years
Situated within a well - populated, largely professional and middle class area
Ample new housing and large developments are being agreed for coming years
Ample parking and garden areas


Quick Look at the Financials
Forecast (7+5) turnover of £984k for year ending 31 December 2023 with an adjusted EBITDA of £298k
Turnover of £781k for year end 31 December 2022 with an adjusted EBITDA of £208k

Bids Invited on a freehold basis with a guide price of £2,400,000.
Bids Invited on a leasehold basis with a guide price of £1,160,000 and an initial rent of £62,400.


Karrina Lee on 01772 775 783
karrina.lee@redwoodsdk.com
And quote ‘Project North’ with reference no 50268