The subjects comprise an operational children’s day nursery, which occupies part of the ground floor within a 3 storey terraced building of traditional construction. The above floors are in flatted residential use.
Access to the subjects is via a secure entry system from Glasgow Road.
Internally, the accommodation is arranged to provide the following:
A main nursery playroom which interconnects to another playroom and together, has a capacity for 12 child places in the 2-5 year category.
There is a third children’s playroom (currently being used as an office) which has a capacity for 2 child places in the 6 weeks - 2 years year category.
A fourth playroom is rear facing and has a capacity for 3 child places in the 6 weeks - 2 years year category.
There are staff toilet and kitchen facilities, two independent nappy changing rooms and a small staff locker room located to the rear of the premises.
Heating is provided by a gas fired heating system which has been regularly maintained.
Location
The subjects are situated on a quiet terrace on the north side of Glasgow Road, between the streets of Greenlaw Avenue and Mansionhouse Road, approximately half a mile west of Paisley Town Centre.
Glasgow Road (A761) forms a main arterial route linking Paisley with the city of Glasgow, lying approximately 5 miles east.
Paisley benefits from excellent transport links with connections to the M8 and M77 motorway. Paisley Gilmour Street railway station is also within a short walking distance from the subjects and there are bus stops at regular intervals along Glasgow Road.
The property benefits from unrestricted on-street car parking to the front of the premises.
Accommodation
We calculate the property has a Net Internal Area of 104.5 sq.m (1,125 sq.ft.)
Terms
THE BUSINESS - Established in 2002, Lilliput Lane Nursery is a long established and extremely well regarded business that provides childcare from the age of 6 weeks to 5 years old.
Lilliput Lane Nursery has an excellent reputation with its families and has been, and continues to be, very well supported by locals.
As a small setting, the nursery has instilled a unique home-from-home experience which enables the team to form close bonds with the children and their families.
The subjects provide sufficient playrooms to allow registration of 17 child places through the Care Inspectorate. Whilst there is no outdoor secure children’s play area attaching to the subjects, here is nonetheless a communal rear garden space, which might be available for use.
The Care Inspectorate are however satisfied with the level and variety of outdoor activity currently provided by the nursery. Current average occupancy levels are 70%, and due to increase, as the nursery has recently achieved partnership status with Renfrewshire Council.
Standard trading hours are Monday to Friday 07:45 to 18:00 51 weeks of the year.
The business operates as a sole trader and not as a limited company and is an excellent business opportunity now available for purchase due to retirement.
SALE TERMS - Offers over £175,000 are sought for our client’s heritable interest in the property (freehold equivalent) and goodwill.
RATEABLE VALUE - Rateable Value - £10,000.
Subject to applicant qualification, the subjects should qualify for 100% rates relief under the Small Business Bonus Scheme.
Please note that a new occupier has the right to appeal the current assessment.
EPC - A copy of the Energy Performance Certificate can be made available upon request.
LEGAL COSTS - Each party will be responsible for all legal costs incurred in the transaction.
VAT - All prices quoted are exclusive of VAT, where applicable.
ACCOUNTS - Trading accounts will be made available following viewing of the premises and the recording, in writing, of a formal interest.
Specification
- Established nursery business with 20+ years trading history.
- Ideal for an owner operator/Manager.
- Fully qualified staff in place.
- Total Net Internal Area of 104.5 sq.m (1,125 sq.ft.)
- OFFERS OVER £175,000 ARE INVITED.