For Sale £900,000 - Investment
Children’s Nursery Investment
First Steps – Fulwood Lodge
Located in the heart of the affluent north Preston suburb of Fulwood
Close to J31A of the M6 and J1 of the M55 motorways
Only a short distance from North Preston Employment Area
Annual Rental – £75,000 per annum
Price – Reduced to £900,000, subject to contract
The property is situated within the affluent suburb of Fulwood, approximately two miles to the north of Preston city centre, and equidistant from J31A of the M6 motorway, and J1 of the M55 motorway. The area is predominantly residential but in close proximity there is the Longsands Lane shopping area where there is a Tesco, Public House and Pharmacy together with a Doctor’s Surgery and Primary School.
To the north of the property is the successful North Preston Employment Area where the likes of Asda, Royal Mail, Aldi, Costa Coffee and Greggs, as well as a variety of local business are situated.
The property comprises a detached former private residence, the original section of which is constructed of brick with a rendered exterior, below a pitched slate clad roof. To the rear there is a two-storey addition of similar construction and a single-storey building, again of rendered and painted brick below a flat roof. To the front of the property is a small car park for approximately 11/12 vehicles, and to the rear there is a former garden area which is now laid out as a playground.
Internally the property has been converted into a number of classrooms, WC areas, kitchen and staff-room.
The premises provide the following approximate net internal floor areas:
Ground floor: 169.31 sq m (1,822 sq ft)
First floor: 113.2 sq m (1,218 sq ft)
Total: 282.51 sq m (3,040 sq ft)
All measurements have been made in accordance with the RICS Code of Measuring Practice.
The site is freehold, the extent of which is shown on the attached site plan.
The property is let to Little Inventors Limited on the basis of a new 10 year full repairing and insuring lease from the completion of the sale at an annual rent of £75,000 pa, subject to a rent review at the end of the 5th year of the term.
We are advised the property is connected to all mains services.
An Energy Performance Certificate will be available in due course.
The property is not elected for VAT and, providing certain criteria are met, the transaction will be treated as a TOGC.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Little Inventors Limited have been operating from the premises for over 15 years and full information can be provided via the agents.
We are instructed to seek offers in excess of £900,000.00 (Nine Hundred Thousand Pounds) subject to contract.