Summary
A spacious children’s nursery occupying a very prominent location facing the roundabout to Asda where Tape Street and Chapel Street converge. The property has been extended and is registered to cater for 51 children and has
over 30 years reputation as a children’s nursery with the current tenant, Tiny Hearts Big Futures taking occupation in 2023. The property benefits from gas fired central heating, UPVC double glazed windows and fire alarm system. The ground floor briefly comprises two large reception rooms, entrance hall, kitchen and toilet block. On the first floor is one large room capable of being split into multiple rooms, three offices and toilets. There are also two further offices and a bathroom at second floor. The property is being sold as an income producing investment with the current tenant remaining insitu until at least 2030 when the current tenancy expires. The lease has been signed within the provisions of the Landlord & Tenancy Act 1954.
Key Points
Commercial investment – Tiny Hearts Big Futures UnaffectedEstablished children’s nursery registered for 51 childrenVery prominent location in the centre of CheadleCurrently producing £21,500 next rent reviews September 2026NIA: 2,633 sq ft
Services
All main services are connected. Gas fired central heating installed throughout. No services have been tested by the agents.
VAT
The sale price is not subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of the existing FRI lease.
Tenancy Details
The property is let to Tiny Hearts Big Futures Limited (Company No. 15061142), with personal guarantee at £21,500pa on an FRI lease from 15th September 2023 for 7 years with rent reviews at the end of year 3 and 6. Copy of the lease available upon request.
Business Rates
Rateable value £25,000
EPC
103 (Band E)
Anti Money Laundering Regualations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Location
The building is adjacent to the Cheadle Conservative Club and on the same roundabout as Asda and just in front of Morrisons, within 100 yards of the centre of Cheadle and is easily accessible from Stoke on Trent.