£1,650,000
Leisure/hospitality for sale
Property photos
Freehold
£1,650,000
(£279.19/sq. ft)
Leisure/hospitality for sale
Freehold Nursery Investment, Millbrook House, 114 Mill Street, West Malling ME195,910 sq. ft
Local area information
Property location
Nearby amenities
- The Malling School 0.1 miles
- East Malling 0.3 miles
- St James the Great Academy 0.4 miles
- West Malling 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for West Malling to find out more about the local area.
Features and description
- Freehold
- An opportunity to acquire a long-let freehold children’s day nursery investment situated in the affluent Kent village of East Malling.
- Millbrook House is a standalone two-storey property extending to approximately 5,910 sq ft (NIA) / 6,857 sq ft (gia) on a 0.38-acre self-contained site, with extensive on-site parking for 35+ cars.
- The property also benefits from valuable underlying site value, underpinned by strong surrounding residential values within this established and affluent location, offering potential for future redevelopment or alternative use, subject to the necessary consents.
- The property is let to Monkey Puzzle Day Nurseries Limited on a new 25-year Fri lease from 2025, producing £109,500 per annum, (reflecting a low passing rent of £18 psf) with five-yearly upward-only rpi-linked reviews (2% collar / 4% cap, compounded). The lease benefits from a corporate guarantee from Monkey Puzzle Group Holdings Limited and security of tenure under the Landlord & Tenant Act 1954.
- The structure provides secure, long-dated, inflation-protected income within the resilient UK childcare sector.
Description
Millbrook House is a standalone two-storey freehold building providing nursery accommodation on a self-contained site of approximately 0.38 acres, extending to around 5,910 sq ft NIA (6,857 sq ft gia), with 35+ on-site car parking spaces, air conditioning, suspended ceilings, LED lighting, gas central heating and shower facilities, and with tenant consent in place to carry out internal configuration works to suit nursery use.
The property also benefits from valuable underlying site value, underpinned by strong surrounding residential values within this established and affluent location, with the site considered prime for future redevelopment, providing investors with secure income alongside long-term land and alternative use potential (subject to planning).
Location
Millbrook House is located within the attractive and established residential village of East Malling, approximately 1.2 miles east of West Malling.
The property sits opposite the Grade II Listed former Weir Mill and is surrounded by established housing, providing a strong family catchment consistent with the Monkey Puzzle operational model.
Millbrook House is a standalone two-storey freehold building providing nursery accommodation on a self-contained site of approximately 0.38 acres, extending to around 5,910 sq ft NIA (6,857 sq ft gia), with 35+ on-site car parking spaces, air conditioning, suspended ceilings, LED lighting, gas central heating and shower facilities, and with tenant consent in place to carry out internal configuration works to suit nursery use.
The property also benefits from valuable underlying site value, underpinned by strong surrounding residential values within this established and affluent location, with the site considered prime for future redevelopment, providing investors with secure income alongside long-term land and alternative use potential (subject to planning).
Location
Millbrook House is located within the attractive and established residential village of East Malling, approximately 1.2 miles east of West Malling.
The property sits opposite the Grade II Listed former Weir Mill and is surrounded by established housing, providing a strong family catchment consistent with the Monkey Puzzle operational model.
More information
Listed by
Robert Irving Burns
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