Commercial property for sale in Horse Fair, Banbury OX16
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Property features
- To be offered on Tuesday 16 April
- Investment let at £77,003
- P.a. (7.33% giy on guide)
- Let on a 25 year fr&I lease from 2019 (an approx. 20 years unexpired)
- No tenant break options
- Rpi linked rent reviews every 5th year
- Child 1st Nurseries have been located in the property since 2004, the business was sold in 2019 by the founders and is now part of Bright Stars Nursery Group with 76 nurseries across the UK.
- Holding company for the tenant is Oakley Capital 3a1 Covenant strength
- Located in an affluent and prosperous town
- VAT free investment
Property description
Strapline
Auction Sale - 15/04/2024
Of interest to Investors
An established Children's nursery investment let on a 25 year lease from 2019 (an approx. 20 years un expired) with tenant break options with rpi linked rent reviews every 5th year
Investment let at £77,003 p.a.
Description
The property is a mid terrace Grade II listed building comprising of ground, 1st and mezzanine floor; the property has a rear yard which has been created into the children's play area and has rear access from Calthorpe Car park lying to the east.
The current tenant is Child 1st Nurseries Ltd which is part of the Bright Star Nursery Group Limited (Oakley Capital majority stake owner)
Bright Stars is one of the largest nursery operators in the UK, serving circa 9,000 children at 76 nurseries across England.
Location
The property fronts on to Banbury Cross and is located on the south east side of the roundabout.
Banbury Station is located an approx. 0.6 miles from the property
Transport
Banbury Station 0.6 miles from the property
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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