8 Horse Fair, 8 Horse Fair, Banbury | Property for sale | Savills
Guide price £1,050,000($1,337,385)

8 Horse Fair8 Horse Fair, Banbury

  • Sole agency
  • Freehold
Investment
Yield 7.3%Yield

Key features

  • Investment let at £77,003 p.a. (7.33% GIY on guide)
  • Let on a 25 year FR&I lease from 2019 (an approx. 20 years unexpired)
  • No tenant break options
  • RPI linked rent reviews every 5th year
  • Located in an affluent and prosperous town
  • VAT free investment

Children's nursery investment let on a 25 year lease at £77,003 p.a. with approx. 20 years unexpired. No breaks and RPI linked rent reviews every 5th year.

About this property

  • The property is a mid terrace Grade II listed building comprising of ground, 1st and mezzanine floor; the property has a rear yard which has been created into the children's play area and has rear access from Calthorpe Car park lying to the east. The current tenant is Child 1st Nurseries Ltd which is part of the Bright Star Nursery Group Limited (Oakley Capital majority stake owner) Bright Stars is one of the largest nursery operators in the UK, serving circa 9,000 children at 76 nurseries across England.

Additional information

  • Child 1st Nurseries have been located in the property since 2004 , the business was sold in 2019 by the founders and is now part of Bright Stars Nursery Group with 76 nurseries across the UK. Holding company for the tenant is Oakley Capital 3a1 Covenant strength