Commercial property for sale in Banchory, Aberdeenshire AB31

£995,000
Commercial property for sale
Interested in this property? Call +44 1772 913296 * or Request Details

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Property features

  • Well established nursery registered for 87 children
  • Turnover ye September 2019 £650,236 ebitda £211,287 before rent for leasehold option
  • Large detached property and outdoor areas
  • Qualified management team in place

Property description

Reference - 39517

Description
The Sunshine Nursery is situated in Torphins, Aberdeenshire. The village is a very pleasant area in Royal Deeside, Aberdeenshire, and lies on the Beltie Burn. Torphins has a population of circa 2000. Although one of the larger villages in Deeside, Torphins still retains a pleasant, quiet country air and has excellent sporting facilities, which includes skiing, gliding and mountaineering. The area is within easy reach of Aberdeen.

The Sunshine Nursery is an extremely busy business, it has come to the market due to the current owners other business interests. The current owner has run the business for the past 20 years. Although the nursery is trading at high levels of occupancy there is still great potential to grow and develop the business. Viewing is essential to fully appreciate the size of this business and property.

Registered numbers
The nursery has a registration for 87.

Staff
The nursery is run by 1 owner/manageress with the assistance of 21 full time/part time staff, including an assistant manageress, supervisors and administration staff.

There is at least 1 senior practitioner in each room. All staff (exception of two who are part qualified) are fully qualified. Qualification levels range from svq levels 2-4.

Sales
Fee income:
2019 £650,236
2018 £527,438
2017 £466,973

Building External
The main property is a large detached property built in the 1930’s, with extensions added on over the years.

To the rear of the main building is a large portacabin which is used at present for storage. The Sunshine Nursery also has another adjacent building called Sunnylea, this comprises of a large classroom, office, toilet facilities and kitchen.

There are five classrooms in total, two in the main building and three out with in the building at Sunnylea.

Entry and security of the buildings are with a controlled visitor reception area. This in turn leads to all the separate play rooms and service areas as well as a secure restricted access outdoor play/monitored area.

Internally the nursery has been converted, upgraded and refurbished to a very high standard and is now offered in true walk in condition.


Public areas


Access to the main building is through a controlled front door, allowing for safety to the children. There is also a large car park to the front of the main building for visitors and a well presented reception area.

Service areas include an office; staff room and a fully functional kitchen with all requisite ancillary equipment together with staff areas, toilet/changing areas, children’s toilets and general storage areas for play equipment etc. In addition, the property is fully controlled by use of access control through gates and wall fencing, as well as fire alarm equipment etc.

Residential Accommodation
Also with the sale of The Sunshine Nursery comes a stunning large four bed house, with entry from a separate door way.

As you walk through the main door you are greeted with a large reception hallway, the ground floor comprises of a large sun porch /dining area, living room with a small office attached, a beautiful dining room kitchen and breakfast area, downstairs toilet, with boot room in the boiler room.

The upper level consists of 4 large bedrooms and bathroom. The property is tastefully decorated and is offered in true walk in condition.

Tenure
The vendors own the property and will grant a new Fri lease (subject to contract) for a period of 15 years at an initial rent of £60,000 per annum exclusive of rates.

Freehold option £995,000

Accounts
The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company. The sale price quoted above is based on the assumption that:
On or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any normal trade creditors.

Arrange Viewing

For more information about this property, please contact
Redwoods Dowling Kerr, PR2 on +44 1772 913296 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Redwoods Dowling Kerr, and do not constitute property particulars. Please contact Redwoods Dowling Kerr for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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