A vacant building previously used as a community hall and working men's club
Gayford Road is located off the exceptionally popular Askew Road & an approx. 0.8 miles from Stamford Brook Station
Planning permission granted to demolish the existing building and construct a part-three, part-four storey development comprising a nursery (Class E) across the lower-ground & ground-floor in addition to 7 residential flats in the upper floors.
An agreement for lease (AFL) has been signed with an established nursery operator on a 25-year FRI lease on 5 yearly RPI linked rent reviews (cap and collar 2% -4%) producing £165,000 pa, subject to the pupil cap being removed to 84 places (s.73:2025/02124/VAR)
The AFL provides stepped rents linked to 72–84 places; under the current 72-pupil consent the rent is £150,000 p.a. Please refer to the AFL for the full stepped rent schedule in the legal pack
Total proposed residential NIA approx. 5,234sqft & commercial GIA approx. 4,604sqft