Presenting a charming small nursery located in North London. The property is leased from Hackney Council, with 5 years remaining on the lease. The annual rent amounts to £7,500.
The nursery is registered to accommodate 23 children, but due to square meter allowance restrictions, each session can currently accommodate a maximum of 11 children. It received a favorable Ofsted grading.
Recent improvements include a fresh coat of paint in December 2022, while the garden underwent renovation in July 2022. The premises feature an office, kitchen, and storage area situated in the basement. Additionally, there is a small shed available in the garden.
The nursery is being offered for sale with an asking price of £100,000 or nearest offer (ONO).
Property Information
- Property: Leasehold
- Lease Terms: Five years left on the lease with a priority of the extension
- Leasehold Rent: £7,500 per annum
- Location:
- The nursery is located in a quiet residential area in North London. The Stoke Newington area is well known for young professional families. There are lovely parks within walking distance of the setting, many small cafes, restaurants, and a library. Parking on the street outside the area, you can apply for a business parking permit, and owning an electric car will only cost you £20 per year. The charging point is located outside the nursery too.
- Premises Details:
- The nursery is situated in a parade of shops. Our ground floor includes the main nursery floor with a free flow to the garden. In the garden, we have a sand pit, planter, small shed and shelves where we store garden toys. Small bathroom with 2 toilets (one is a child-size one), sinks, and wall-mounted changing table.
We have a kitchen area in the basement with 2 fridges, one freezer, an electric cooker and a microwave.
Office and storage area is also located downstairs.
- Size in square feet: 344
Business Operation
- Expansion Potential: The garden can be turned into a nursery space for potential expansion. Building permission needs to be approved by the Local Authority
- Competition / Market: Two nurseries are located within a 300m radius of the nursery
- Reasons for selling: Relocating to home country
- Trading hours: Monday to Friday from 8 am to 6 pm
- Employees: 4
- Years established: 10
Other Information
- Support & training: management training can be offered
- Furniture / Fixtures value: £20,000 – included in the asking price
- Asking Price: £50K – £100K Furniture / Fixtures included
- Turnover: £100K – £200K
- Net Profit: Under £50K
For more information, please email info@elooki.co.uk
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