Leisure/hospitality for sale in Victoria Road, Romford RM1

Offers over £1,750,000 (£315.88/sq. ft)
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Leisure/hospitality for sale 5,540 sq. ft*

Property description

The property comprises of a newly constructed development with a recently fitted Ground Floor Nursery. The building accommodates classrooms, reception areas, play areas, kitchen, and ancillary rooms. To the rear of the property there are 4 car parking spaces and associated bike spaces. Storal Learing Ltd have completed
an extensive fit out at a very high standard fully funded by the tenant. The nursery has a gia of 5,540 sq ft and can accommodate approximately 120 children.

The ground floor unit is let on a long lease to Storal Learning ltd. The leased commenced on the 9th of December 2021 for a term of 20 years. The income is £92,500 per annum with rent reviews taking place every 5 years. The rent review has a cap and collar of 1% - 4% in line with cpi. The property benefits from being sold on a Virtual Freehold and has 999 years remaining on the lease.
The Learning Tree Nursery/ Storal Learing Ltd currently occupies 20 sites across the UK and are due to agree up to another 10 by the end of Q1 next year. Further to this they aim to keep adding to their portfolio over the next few years on a similar trajectory. They are currently going through the process of amalgamating all their SPVs which will improve their investment value considerably.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Bond Land Investment & Development Consultants, E14 on +44 20 7768 8900 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bond Land Investment & Development Consultants, and do not constitute property particulars. Please contact Bond Land Investment & Development Consultants 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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