Property photos
Just added
Guide price
£2,000,000
(£373.76/sq. ft)
Office for sale
Walker House, London Road, Riverhead, Sevenoaks, Kent TN135,351 sq. ft
Local area information
Property location
Nearby amenities
- Riverhead Infants' School 0.4 miles
- Dunton Green Primary School 0.5 miles
- Dunton Green 0.5 miles
- Sevenoaks 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Detached freehold commercial investment
- Let to Day Nursery on a Fri lease (10 year lease from 2019)
- Tenant part of the 'Busy Bees' group operating 390 Day Nurseries nationwide
- Passing rent: £158,304 per annum
- Oieo £2,000,000 F/H
- A purchase at the guide price to a 8% gross yield
An opportunity to purchase a freehold commercial investment providing secure long-term income.
The freehold comprises a land plot of c.9,000sqft on which there is a 2-storey brick built building with a flat roof measuring 5,351sqft internally. Externally there is a garden and parking area for 8 vehicles. The property has full planning consent for day nursery use and is Ofsted registered for 93 child places. The most recent Ofsted inspection of the day nursery was in March 2023 where a 'good' grading was awarded.
The property is let to 'Squiggles Childcare Limited' however trades under and is fully owned by the 'Busy Bees' brand who have been in occupation since 2019. The passing rent was recently increased to £158,304 per annum and the lease is for a term of 10 years, expiring in 2029. The existing lease is inside the 1954 Landlord and Tenant Act, the day nursery is trading well and a lease renewal is highly probable.
We believe the property will appeal to investors, however, the building also appears to offer longer term potential for conversion into residential accommodation (stpp).
A purchase at the guide price would reflect a gross initial yield of 8%.
The freehold comprises a land plot of c.9,000sqft on which there is a 2-storey brick built building with a flat roof measuring 5,351sqft internally. Externally there is a garden and parking area for 8 vehicles. The property has full planning consent for day nursery use and is Ofsted registered for 93 child places. The most recent Ofsted inspection of the day nursery was in March 2023 where a 'good' grading was awarded.
The property is let to 'Squiggles Childcare Limited' however trades under and is fully owned by the 'Busy Bees' brand who have been in occupation since 2019. The passing rent was recently increased to £158,304 per annum and the lease is for a term of 10 years, expiring in 2029. The existing lease is inside the 1954 Landlord and Tenant Act, the day nursery is trading well and a lease renewal is highly probable.
We believe the property will appeal to investors, however, the building also appears to offer longer term potential for conversion into residential accommodation (stpp).
A purchase at the guide price would reflect a gross initial yield of 8%.
More information
Listed by
Acorn - Bromley Commercial
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