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Floorplan
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    Key features

    • A freehold Nursery investment
    • Agreement for lease (AFL) signed for £100,000 p.a.
    • To be let on a new 25 year FR&I lease
    • An approx. 3,670 sq ft
    • Extensive car parking to the rear
    • Rent reviews every 5 years, The higher of upwards-only open market rent or CPI-linked review (2.5%–5% cap and collar, compounded annually)
    • Royston Railway station located an approx. 0.3 mile miles away
    • VAT free investment
    • To be investment let at £100,000 p.a. (9.09% GIY on guide)

    Description

    A freehold three storey detached building situated across ground, first and second floor. A agreement for lease (AFL) has been agreed to a nursery provider for a 25 year lease at £100,000 p.a.

    There is a large hard standing area to the side a rear of the property offering multiple car parking spaces.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to the floor plan

    An approx. 3,670 sq ft

    Tenancy

    43 Kneesworth Street

    • Agreement for lease has been signed
    • The tenant is RKK CHILDCARE LTD – Trading as Banana Moon
    • To be let on a 25 year FR&I lease (Tenant break option in year 15)
    • Rent reviews every 5 years, The higher of upwards-only open market rent or CPI-linked review (2.5%–5% cap and collar, compounded annually)
    • 6 months rent free to be granted (This will be topped up by the vendor)
    • £80,000 of capital contribution to be provided to tenant for fit out
    • 7 year Guarantee for Banana Moon Day Nursery Ltd (BM) - This company has been acquired by The Learning Experience (TLE) which is a large national operator in the US
    • To be investment let at £100,000 p.a.

    Rent

    To be investment let at £100,000 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is well positioned within Royston town centre, a historic market town on the Hertfordshire/Cambridgeshire border. The property is within walking distance of Royston railway station, which offers regular services to London King’s Cross and Cambridge, making it attractive for commuters.

      Transport

      Royston Railway station - National rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums