BUSY BEES - allsop.co.uk

1 216 SPRINGFIELD ROAD, CM2 6 BNCHELMSFORDBUSY BEESPRIME LONG LET DAY NURSERY INVESTMENT OPPORTUNITY WITH OVER YEARS UNEXPIRED SUBJECT TO FIVE YEARLY FIXED RENTAL UPLIFTS OF COMPOUNDEDPRIME LONG LET DAY NURSERY INVESTMENT OPPORTUNITY WITH OVER YEARS UNEXPIRED SUBJECT TO FIVE YEARLY FIXED RENTAL UPLIFTS OF COMPOUNDEDINVESTMENT CONSIDERATIONS Well located in the affluent south east City of chelmsford Comprehensively redeveloped in 2016 to provide a 6,060 sq ft nursery with large outdoor play area and 10 car parking spaces Let to the Dun and Bradstreet rated 5A1 covenant of Busy Bees Nurseries Limited Long unexpired lease term of years (no breaks) Passing rent of 132,000 per annum reflecting psf 5 yearly fixed rental increases of compounded acre site with low site coverage of approximately 22% FreeholdWe are instructed to seek offers in excess of 2,475,000 (Two Million Four Hundred And Seventy Five Thousand Pounds), subject to contract and exclusive of VAT.

2 An acquisition at this level would provide the following yield profile after allowing for purchaser s costs of Initial Yield September 2021 September 2026 September 2031 September 2036 BEESLOCATIONC helmsford is an affluent City in the county of Essex, within London s commuter belt. The City is positioned 30 miles ( km) north east of Central London, 21 miles ( km) south of Colchester and 16 miles ( km) east of benefits from excellent road and rail networks connecting it to Central London and the south east. The A12 dual carriageway provides access to the M25 motorway (Junction 28) within 12 miles ( km) to the south-west. The A414 provides access to the M11 and Harlow to the east, with the A130 providing access to Braintree to the north and Basildon to the Railway Station benefits from outstanding high speed connections to London Liverpool Street with a fastest journey time of 34 minutes.

3 During peak times there are 7 trains per hour to London Liverpool Street. chelmsford Railway Station is the second busiest station in the East of England; in 2013, was committed to a programme of major improvements. The first phase of improvements to the public realm around the station entrance has been completed and includes a new ticket hall and retail units. The final phase, Mill Yard Gateway pedestrian access enhancement, is due to complete in April Stansted Airport is located 20 miles ( km) to the north and can be accessed by car within 35 minutes. London City Airport, serving around 50 destinations at present, can also be reached within 45 (M)HeathrowStanstedAirport20 MinsHarlowHertfordEppingChippingOngarHat fieldEnfieldChigwellRomfordBillericayWic kfordBrentwoodBasildonHemelHempsteadSt AlbansWatfordWembleyHarrowBrentCrossHigh WycombeStainesSloughWindsorWeybridgeRedh illDorkingGuildfordReigateWokingDartford BromleyGravesendShorehamCroydonBiggin HillSevenoaksEpsomSuttonSwanleyLONDONB11 37 SPRINGFIELD ROADA1009 ARBOUR LANELAWN LNVICTORIA RDVICTORIA RD SB1006B1008B1006 CHELMER VALLEY RDSPRINGFIELD GREENSANDFORD RDSPRINGFIELD PARK LANEWHARF RDBEELEIGH LINKKINGSTON AVEHILL RDSPRINGFIELD PARK ROADSPRINGFIELD PARK AVEQUEENS RDHOFFMANNS WAYNEW STDUKE STVIADUCT RDSTUMP LANENEW DUKES WAYWATERLOO LANEA138A138A138A138 CHELMER VILLAGE WAYA1060A1060 CoronationParkLionmedeRecreationGroundCe ntralParkRiver ChelmerChelmsfordCathedralChelmsfordStat ionTOWNCENTRER iverside Ice& Leisure CentreChelmerVillageRetailParkPRIME LONG LET DAY NURSERY

4 INVESTMENT OPPORTUNITY WITH OVER YEARS UNEXPIRED SUBJECT TO FIVE YEARLY FIXED RENTAL UPLIFTS OF COMPOUNDEDDEMOGRAPHICSThe total population within the chelmsford primary catchment area is 410,000 with an estimated shopping population of 262,000. The City is projected to see above average growth in population over chelmsford area contains a significantly above average proportion of adults of working age categorised within the most affluent AB social group ranking 30 out of 200 PROMIS centres on the PMA Affluence Indicator in 2011. Furthermore, level of car ownership in chelmsford is significantly above average within a particularly high proportion of 2 car IN CHELMSFORDBEAULIEUB eaulieu is a large scale mixed use development situated just miles ( km) to the north east of the property. This joint venture between L&Q and Countryside will provide 3,600 new homes as well as retail, leisure and office accommodation.

5 Also included in the plans are primary and secondary schools, as well as a brand new railway STREET SHOPPING CENTREO pened in September 2016, this scheme includes a 120,000 sq ft John Lewis department store as well as 20 other retail units, an Everyman Cinema and an extensive food and beverage offering. CROSSRAIL SHENFIELD STATIONS ituated a 20 minute drive to the south of chelmsford (12 minutes by train), Shenfield Station will become the eastern terminus of the new Elizabeth Line in December 2019. With 12 services per hour to central London, this will further cement the areas reputation as an excellent commuting BEESSITUATIONThe property is situated on Springfield Road (B1137) at the junction with Brookhurst Close in a predominantly residential area, a short walk from Lionmede Recreation Ground to the south. chelmsford town centre is situated a 10 minute walk to the east of the property, chelmsford Railway Station is a 20 minute walk (6 minute drive) to the east, with regular bus services running along Springfield Road to and from chelmsford City building was comprehensively redeveloped in 2016 to provide a three storey and part single-storey day access is from Springfield Road with a total of 10 car parking spaces provided, a bike storage unit is also located to the western frontage of the is gained through secure doors to the reception and the nursery which has been subdivided to separate the varying age groups.

6 The ground floor comprises the reception, kitchen, office, WCs as well as nursery accommodation for babies and pre-school children. The second floor comprises nursery accommodation for toddlers and WCs. The third floor comprises staff accommodation and property has been fitted out to a high standard in Busy Bees Corporate Style and benefits from a large outdoor playground. The nursery is registered for a capacity of 102 ROAD B1137 HURST CLOSEDALRYMPLE CLOSET ennis Courts6121628921812291216a214 ChildrensNursery0m10m20m30mBusy Bees, 216 Springfield Road, chelmsford CM2 6 BNOrdnance Survey Crown Copyright 2018. All rights reserved. Licence number 100022432. Plotted Scale - 1:674 Crown Copyright, ES 100004106. For identification purposes LONG LET DAY NURSERY INVESTMENT OPPORTUNITY WITH OVER YEARS UNEXPIRED SUBJECT TO FIVE YEARLY FIXED RENTAL UPLIFTS OF COMPOUNDEDCHELMSFORDBUSY BEESCOVENANTBUSY BEES NURSERIES LIMITED (03454787)Dun and Bradstreet Rated 5A1 Busy Bees is the largest childcare provider in the UK, having been established for over 33 years.

7 The company now operates from over 340 sites across the UK providing nearly 28,500 places. Busy Bees acquired Leapfrog (88 nurseries) in 2007, TLC (9 nurseries) in 2008, Early Years Childcare (9 nurseries) in 2011, Just Learning (71 nurseries) in 2012, Kinder Nursery Group (12 nurseries) in 2014 and Caring Daycare (12 nurseries) in 2014, Kids 1st (12 nurseries) in 2015, Bush Babies and Positive Steps in 2016. In 2017 they acquired Treetops Nurseries (61 nurseries). Further information can be found at 31 Dec 201631 Dec 201531 Dec 2014 Turnover 48,647,000 48,317,000 34,060,882 Pre-Tax Profit 3,086,000 6,543,000 4,722,845 Total Net Worth 57,139,000 53,912,000 46,852,491 ACCOMMODATIONThe property provides the following approximate floor areas. Floor plans are available in the dataroom. GIA NIAF loorSq FtSq MSq FtSq MGround3, , , ,354125, , , AREAThe site extends to approximately acres ( hectares).

8 TENANCYThe property is let to Busy Bees Nurseries Limited on a 25 year lease (no breaks) from 23 September 2016 expiring 22 September 2041 at a rent of 132,000 pa, reflecting psf. The rent is subject to fixed uplifts equal to pa compounded, receivable 5 property is held LONG LET DAY NURSERY INVESTMENT OPPORTUNITY WITH OVER YEARS UNEXPIRED SUBJECT TO FIVE YEARLY FIXED RENTAL UPLIFTS OF COMPOUNDEDCHELMSFORDBUSY BEESM isrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP 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 the property.

9 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 or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. Design CommandD are instructed to seek offers in excess of 2,475,000 (Two Million Four Hundred and Seventy Five Thousand Pounds), subject to contract and exclusive of VAT.

10 An acquisition at this level would provide the following yield profile after allowing for purchaser s costs of Initial Yield 23 September 2021 September 2026 September 2031 September 2036 property has not been elected for property has an EPC rating of B45, a copy of which is available in the access to the Dataroom please use the following link: Hayward020 7543 Pointon020 7543 McGivney020 7543 further information or to make arrangements for viewing please contact.