Offers over
£750,000
(£142.31/sq. ft)
Property for sale208 Sandhills Avenue, Hamilton, Leicester, Leicestershire LE5
5,270 sq. ft
Just added
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.
The property comprises a two-story premises which forms part of a substantial neighbourhood parade which has been arranged over four storeys and comprises six retail units and fifty-one apartments. The building is of steel frame construction with brick elevations beneath a pitched roof. The floor is constructed in solid concrete throughout.
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.
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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