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Busy Bees, High Wycombe

Mill House, Boundary Road, Loudwater, High Wycombe, HP10 9QN

Summary

• LOCATION
  HIGH WYCOMBE
• SECTOR
  EDUCATION (NURSERY)
• SITE
  1.13 ACRES
• SIZE
  6,523 SQ FT
• TENURE
  FREEHOLD
• TENANT
  BUSY BEES NURSERIES LTD
• COVENANT
  £154M SHAREHOLDERS FUNDS
• UNEXPIRED TERM
  23.7 YEARS
• PASSING RENT
  £252,000 PER ANNUM
• RENT REVIEW
  CPI LINKED (1%-4%)
• CAP EX
  £1.32M SPEND
• PRICE
  £3,950,000
• NIY
  6.00%
• RY 2029
  6.73%

More Information

• LOCATION

  High Wycombe is an affluent Buckinghamshire town, sitting towards the edge of the Chiltern Hills Area of Outstanding National Beauty. The property is situated in an attractive private position set off Boundary Road just half a mile from the M40 and A40, which provides excellent road connectivity to the site from High Wycombe town centre and the surrounding areas.

• DESCRIPTION

  The property comprises a best in class nursery following an extensive refurbishment programme in 2024 at a cost of circa £1.32m. The nursery has a registered capacity of 85 children. The nursery offers outstanding facilities across a 1.13 acre site. The internal accommodation comprises 6,523 sq ft, arranged over ground and two upper floors. The property is Grade II listed.

• TENANCY

  The property is let to Busy Bees Nurseries Ltd on a new 25 year FRI lease from 26 January 2024, expiring 25 January 2049, providing a long unexpired term of 23.7 years.The passing rent is £252,000 per annum and is subject to 5 yearly to CPI rent reviews, with a collar and cap of 1% and 4%. The next rent review is 26 January 2029, with a forecast rent increase to approximately £283,000 per annum.

Gallery

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. June 2025