Owen Froebel are pleased to offer to market this long-established nursery situated in a cosy converted residential property with excellent opportunities for expansion in situ or via relocation. The business is based in a former four-bedroom residential property which is being sold alongside the setting. The setting offers great potential to maximise the occupancy in situ or to relocate to allow for extra places and realise the value of the property. The setting is Manager Led with a long-established team and comprises four playrooms, a fully enclosed garden and 5* rated kitchen.
The property has been valued on a residential basis at £1.25m. The Vendor is aware that a commercial valuation will be lower than this and is happy to accept an offer subject to bank valuation. This is expected to be in the region of £950,000. The Vendor is looking for a buyer who will commit to continue the business either in situ or with the view of relocating to a larger property with room for additional places and realising the residential value of the property.
Registered for 38 places the setting is running at approximately 80% occupancy and is open 51 weeks a year.
Situated in a residential area close to a primary school and overground and underground stations.
- Asking Price:
- £1,400,000
- Turnover:
- £400,000
- Net Profit:
- £95,000
Property Information
- Property:
-
Freehold
- Location:
-
East London. Situated in a residential area close to a primary school and overground and underground stations.
