LOT 23 - Bolton

Busy Bees Acorns Day Nursery, Lostock Lane, Lostock, Bolton, Lancashire, BL6 4BL

Well Let Freehold Nursery Investment

Sale Price

£1,702,500

Key Features
  • Entirely let to Treetops Nurseries Limited (a subsidiary of Busy Bees Childcare) on a lease expiring in 2039 ( 18+ years unexpired, no breaks)
  • Annual RPI linked reviews (2.75% & 7.5% p.a. collar and cap). Next review in September 2021
  • Busy Bees are the largest nursery operator in the UK with almost 400 units
  • Accommodation extending to 1,104 sq m (11,883 sq ft)
  • Benefits from outdoor plays areas and rights to use the car park
  • Bellway has acquired the 14-acre former Hercules Business Park opposite for the development of 214 homes
  • VAT is not applicable

Current Rent Reserved
£100,802.20 p.a.
Minimum increase to £103,574 p.a. in September
Tenure

Freehold


A Major Fund
Location
  • Bolton is a major town located approximately 11 miles north-west of Manchester and some 29 miles north-east of Liverpool
  • Lostock is located about 5 miles west of the town centre and about 1 mile north of the M61 motorway (junction 6)
  • The M61 motorway provides access to the M60, M62 and M6
  • Bolton Rail Station provides frequent services to Manchester Victoria (fastest journey time 18 minutes)
  • The property is situated on the west side of Lostock Lane, close to the junction with Cranfield Road
  • Bellway has acquired the 14-acre former Hercules Business Park opposite for the development of 214 homes
Additional Information
  • The property provides a day nursery arranged over ground and first floors
  • There are outdoor play areas and rights to use the car park
  • Part of the property was previously a play centre and is not being used by the tenant (but the lease is of the whole property)
  • Floor plans are available in the legal pack
Tenant Information
  • Busy Bees Childcare, which acquired Treetops Nurseries in 2017, opened its first nursery in Staffordshire, England in 1984. It now cares for more than 57,000 children in 640 early years settings around the world including in the UK (almost 400 units), Ireland, Europe, Asia, US, Canada and Australia. (sources: www.busybeeschildcare.co.uk and www.daynurseries.co.uk)
  • For the year end 31.12.2019 Treetops Nurseries Limited reported a turnover of £15,257,000, a pre-tax profit of £1,822,000, shareholder's funds of £80,722,000 and a net worth of £79,043,000 (source: Experian 08.02.2021)
VAT

VAT is not applicable to this lot.

Viewings

Viewings are strictly by appointment only. If you would like to attend a viewing you must register with us in advance no later than close of business on Friday 12th March. Please email chris.childs@allsop.co.uk with the name and mobile number of the party wishing to attend, photographic ID and a mobile phone number will be required for all attendees on the day. In the subject box of your email please enter - Lot 23 Bolton

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

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