Offers over
£750,000
(£142.31/sq. ft)
Property for sale208 Sandhills Avenue, Hamilton, Leicester, Leicestershire LE5
5,270 sq. ft
About this property
Virtual freehold day nursery investment
Gross rental income of £57,857.14 per annum
5 yearly rent reviews, rpi index linked, capped at 4%
7.36% net initial yield assuming 4.82% purchaser costs
Rating: E-108
The property is let to Shining Stars Day Nursery Limited (11243477) on an effective fully repairing and insuring lease for a term of 15 years (unbroken) from 23rd July 2019.
Internally, the premises has been laid out to provide a day nursery over two floors together with welfare facilities and ancillary storage. The premises has the benefit of an hvac system providing heating and cooling, carpet floor covering and gas central heating.
Externally, the premises has the benefit of car parking and an enclosed garden.
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£3,751 per month
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