Essex Road, Manor Park, London, E12

Duncan Phillips are delighted to offer this Day Nursery for sale located within a densely populated residential area of East London within a short distance of primary transport links, such as the Queen Elizabeth Overground Railway Line. The Nursery has been established in this location for almost ten years, benefiting from strong community ties.

The general outlay of the premises is inviting and colorful, which provides and ideal environment for a happy and productive nursery. The basement dining area is accessed via an airy stair well and includes a staff room and storage area.

The ground floor reception leads to the secure 61 SQM main play area with furniture and access to the garden play area is via a secure door from the main room. Off the play area are four child toilet facilities. In addition to the play area, the ground floor benefits from a storage area and a fitted kitchen. The outdoor environment includes a fenced soft surface area that consists of various playing equipment and toys.

The first floor consists of a secure 29 SQM area. The area is light and airy with a baby changing area. This floor also consists of an 11 SQM Manager's Office and staff WC facilities.

The business also offers breakfast and after school clubs and daycare services. The operating hours are from 8AM-6PM Monday-Friday. The last Ofsted Inspection was conducted in 2022 and achieved a 'Good' Evaluation. The business was lead by a qualified manager and 6 other qualified members of staff, before closing at the end of 2022 due to health issues.

The leasehold business benefits from a 12 year lease that commenced Dec 2013. The Annual Rent is ?45,000 exclusive with 4 yearly rental reviews. Although new lease terms will be considered.

A premium of ?175,000 is sought for the leasehold interest, fixtures and fittings and goodwill. It is important to note that the goodwill does not include the brand name or associated website.

In going Tenant responsible for landlord's legal cost