Day Nursery, 19 Church Hill
Ref 11727
Address Day Nursery, 19 Church Hill, Verwood, Dorset, BH31 6HT
Property type Investment - Office, E - Other
Size 5,100 Sq Ft
Freehold £1,925,000 - £1,925,000
The property is situated within a high-density residential catchment area in Church Hill, Verwood, Dorset. Church Hill is located just off the B3072 with easy access to the B3081. Ringwood is approximately 5.8 miles East and Bournemouth is approx. 10 miles South. The subject property is located within a high demand area with strong catchment, meaning a secure future for the business. The property comprises a recently developed purpose built single storey day nursery situated on a circa 0.5 acre site.
- Guide Price £1,925,000
- Attractive Net Initial Yield 6.11%
- Long term lease with approximately 24 years remaining (no breaks)
- Total annual income £125,000
- Running yield to 9.1% with minimum fixed increases
- Total site area 0.459 acres
- EPC Rating - A