Property overview

Busy Bees, 2 Armstong Road, Littlemore, Oxford, OX4 4XT

sold

Make an enquiry
£1,890,000
Sep 2015

Franck-Steier Price has recently completed the sale of a well let Children’s day nursery investment on behalf of an investment trust.

The property is located in Littlemore, approximately 3 miles to the south of Oxford city centre and ½ mile to the south of the Oxford Eastern Bypass.

The property is let to Busy Bees Nurseries Limited for a term of 20 years with effect from 6th May 2015.  The current passing rent is £110,000 per annum.

The property was purchased for £1,890,000 which represents a net initial yield of 5.50%, assuming full costs of purchase of 5.8%.

The purchaser was Fareham Borough Council and they were represented by Hellier Langston.