Long let freehold investment property for sale in Aylesbury

This property is marketed by:
LDG - The Creative Property Agency

Amenities

• Single let to N Family Club Nursery
• Fixed 25 year lease at £110,000 pa
• Rent review - Collar 1% Cap 4%
• Unit comprises of 5,314 sq ft / 493 sq m
• Asking price £1,850,000 which reflects a net yield of 6%
• The property is currently going through a comprehensively refurbished to a very high standard (open spring 2023)

Description

An opportunity to acquire a long let freehold investment reflecting a net yield of 5.5%. A well-known Nursery operator has agreed a fixed 25 year lease on the building and includes a full multi million pound refurbishment. 

The nursery is just a short walk from the train station, with large playrooms filled with natural light, while outside, the garden comes complete with a water play area, mud kitchen and sandpit.

Location

Aylesbury Town - A central location within easy reach of local amenities including shopping, sports facilities, eateries, bars and for commuters a mainline rail service which reaches London Marylebone in about 55 minutes. The A41 gives fast access to both the M40 & M25 motorway network.

Price

£1,850,000

Title

Freehold

Floor & Sizes

5,154 sq ft / 474 sq m

Additional information

Company details for the nursery can be provided upon request

Tenancy

A let has been agreed to N Family Club on a 25-year lease at £110,000 pa. The lease is full repairing and insuring and the rent is subject to 5 yearly rent reviews.