Day Care Nursery, Edward Parry Centre, Coventry Street, Kidderminster DY10 2BP
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£1,060,000
Aug 2022
AP Investment has sold a day nursery on the edge of Kidderminster town centre for a private client.
The former day care centre has been used as a children’s day nursery since 2012. The property is let to Kenmare Estates Ltd until October 2032. The property is sub let to Mishi Nurseries until 2026.
The passing rent is £73,507 per annum.
The sale price of £1,060,000 reflected a net initial yield of 6.55%.
The investment was acquired by a private client of BHT.
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