Southend Road – Performers College

A rare opportunity to acquire a specialist higher education facility pre-let to BIMM University Limited, with explicit growth throughout the term. Performers College is a nationally recognised, independent performing arts college with over 30 years of experience training the next generation of performers. The campus totals 3.25 acres featuring 18 dance studios, 2 acting studios, singing suite, lecture hall, library/computer centre, gym, café/restaurant and 190 car parking spaces.
We are instructed to invite offers in excess of £5,250,000 for the freehold interest. A purchase at this level would reflect a Net Initial Yield of 8.04% based on sale and leaseback costs of 6.8%.
Offers should be submitted on one of the following basis:
A) 20 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)
B) 25 YEAR LEASE WITH 5 YEARLY CPI RENT REVIEWS (1% PA
COLLAR – 3% PA CAP)