Station Rd
Portishead BS20 7BZ

Investment Consideration:
Rental Income: £80,000 p.a.
Let until 2047 (no breaks)
Rent reviews every 5th Year linked to RPI
VAT is NOT applicable to this property
Comprises 2 buildings, 1 two-storey detached and 1 two-storey semi-detached house, operating as a children`s day nursery.
Property benefits from large car park and 2 garages at rear
Successful nursery operator with multiple locations across UK
Occupiers nearby include Waitrose, Portishead Library and Shell Petrol Station.
Property Description:
Comprises 2 buildings, 1 two-storey detached and 1 two-storey semi-detached house, operating as a children`s day nursery and benefit from large car park and 2 garages at rear.
The properties provide the following accommodation and dimensions:
Stationhouse: 212.49 sq m (2,288 sq ft)
Ground Floor: Reception, Play Area, Kitchen, Offices, WCs
First Floor: Nursery Rooms, Staff Area, WCs
1 South Avenue: 136.61 sq m (1,471 sq ft)
Ground Floor: Reception, Play Area
First Floor: Offices, Storage
Loft: Ancillary/Residential
Total net internal area: 349 sq m (3,759 sq ft)
Tenancy:
The property is at present let to Lakehouse Nurseries Ltd for a term of 25 years from 31st March 2022 at a current rent of £80,000 per annum and the lease contains full repairing and insuring covenants. Guarantor is LGDN Bidco Limited, parent company of Family First Nursery and Little Garden Nursery Group. No break clause. Rent review every 5th Year linked to RPI.
Location:
Portishead is a town on the Severn Estuary, approximately ten miles west of Bristol, part of north Somerset District Council`s administrative area. The town has areas of high-quality residential property, particularly between the town centre and Portishead beach. The A369 runs through the town and connects to the M5 at Junction 19, with alternative access via the B3124 at Junction 20. A new railway station for Portishead is planned (estimated 2024 opening), part of the MetroWest programme which will reinstate rail links to Bristol. The property is located on the northern fringe of Portishead town centre in a mixed-use area fronting the A369 on the junction of the same with South Avenue. Occupiers nearby include Waitrose, Portishead Library and Shell Petrol Station.