72-75 Marylebone High Street, London, W1U 5JW
0.09 to 3.29 acres / Retail / General Retail
For Sale
- £5,000,000.00
Available - Last updated: 08 November 2024
Consists of eight of Thrive Childcare's Freehold (Heritable) Nursery Assets providing Care Inspectorate/OFSTED capacity of 700 places
Tenant / Guarantor: Thrive Childcare and Education Limited (Reg No. SC192599) and Thrive Childcare and Education Group Limited (Reg No. SC304774). Thrive Childcare and Education, formerly Bertram Group, was founded in 2001 and is now the 11th largest provider of independent nurseries in Britain, with a total of 48 nurseries providing 4,054 places according to Nursery World 2024 groups league table.
New 25-year FRI leases, effective upon completion. 5 yearly Rent Reviews. CPI rent review: cap at 4%, collar at 2%. Scotland and North West England portfolio locations, including Aberdeen, Dundee, Glasgow and Greater Manchester. Proposed Annual Rent £396,795 per annum.
Thrive has been backed by Apiary Capital since February 2019 following a 'buy and build' strategy. After a period focusing on integrating acquisitions and organic growth, the company expects to resume selective M and A activity to grow the portfolio which may
lead to more freehold opportunities in the future.
( Agency Pilot Software ref: 52861 )
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£5,000,000.00
| NA |
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