Detached for sale

£50,000

Kingtons Estate Agents in Radcliffe are delighted to introduce to the market this Children's soft play centre in Bury, Lancashire. Located minutes from The Rock, the building was constructed brand new in 2013, and opened as a play centre at the beginning of 2014. With bespoke designed play frames, this is a fantastic and rare opportunity being offered.



THE AREA
This fantastic business is ideally situated within close proximity to The Rock Shopping Centre in Bury. With fantastic transport links via Bus, Metrolink and Car, there is ample on road parking to the front and side of the play centre as well as allocated disabled parking on site. The immediate area is densely populated and the business attracts a regular, loyal customer base from miles around.
THE PROPERTY
77' 1'' x 45' 3'' (23.5m x 13.8m)
This imposing steel constructed property was developed and completed towards the end of 2013 by the current owner, especially to house the play centre. Measuring approximately 324 Sq.m, the current owner has partitioned inside to create a fabulous soft play area, Party room, Reception, W/c's, seating area and fully fitted kitchen. The Property also benefits from a commercial gas heater, full alarm system and an internal and external CCTV system.
THE BUSINESS
This fantastic family run business was fitted out with brand new equipment throughout, towards the end of 2013, and opened in January 2014. The play centre is run and managed by our current client, assisted by a team of loyal staff, consisting of five members that are currently on zero hours contracts. Offering a range of bespoke designed play frames, sports court, ball pools and slides catering for age ranges from babies to 12 years of age, the play centre also offer a variety of kids party options, from fully catered to self catering to suit all budgets. The owners have advised us that it is in fact currently the largest Soft Play Centre in Bury. With the benefit of free on road parking surrounding the business, the price includes all play and kitchen equipment, it's own professionally designed website, a facebook page with over 2000 loyal followers and a Twitter account.
RECEPTION AREA
The main doors at the front of the building give customer access into the main reception area. There is a reception desk and till point where customers sign in and pay. There is then access straight into the main play area.
MAIN PLAY AREA
The main area offers open plan play area and seating. Off the main area is separate Ladies, Gents, Children's and disabled w/c's, Kitchen area and party room. The Play equipment offers separate area's for different age groups including Toddler/Baby, 2-4 yr olds and 5-11 yr olds. With a range of climbing frames, nets, slides and swings, there is also a sports court for football and basketball as well as a number of ball pools. There is a dining area with seating for over 50 people, with direct viewing over to the play equipment.
KITCHEN
25' 7'' x 9' 2'' (7.8m x 2.8m)
Situated next to the seating area with serving counter and till point, this stunning spacious kitchen was fitted brand new in January 2014. With a range of stainless steel equipment including Extractor hood, pizza oven & Dishwasher with two minute wash cycle, there is also a host of fixtures and fittings including a Barista Coffee Machine, Coffee Grinder, Water Urn, Chip Warmer, Microwave, Deep fat fryer, Panini machine, Pizza topping fridge, slush machine and much more included in the sale price.
PARTY ROOM / WAITING ROOM
12' 6'' x 12' 2'' (3.8m x 3.7m)
The Party room is located next to the kitchen just off the main seating area. Able to seat approximately 15-20 children, this room can also be used as a waiting room during busy hours.
OPENING TIMES
MONDAY TO SATURDAY 9:00am - 6:00pmSUNDAY 11:00AM - 5:00PM
TURN-OVER
We have been advised that the Turn-Over for the first year of trading 2014/15 was 36,000.The vendor has advised us that the 2nd year 15/16 is on target for a turn over of between 75,000 & 80,000.The centre was fitted out with all brand new play and kitchen equipment at a cost of approximately 90,000. We have been advised that all fixtures, fittings and equipment are included within the asking price and a full list will be available through the vendors solicitors.
BUSINESS RATES - 7,200 PER YEAR
ANNUAL RENT
There is a brand new repair & insure lease available with length of terms negotiable to suit.The annual rent is 25,000 per year. Incentives are available
AGENT'S NOTES
This is a fantastic and rare opportunity to purchase a stunning business based within a brand new building on the edge of Bury Town Centre. The first years growth has been tremendous for a brand new business, with on target income looking fantastic for the second year. The Play centre really has achieved fantastic reviews throughout it's first year, through hard work and and a fantastic welcoming atmosphere. There is huge scope to grow this business further. This would suit a family team, individuals or run under management.
FIGURES MENTIONED MAY BE SUBJECT TO VAT AT THE PREVAILING RATE.

Nearest Stations:

4.28 miles
Castleton
5.28 miles
Rochdale
5.38 miles
Bromley Cross
5.41 miles
Hall I' Th' Wood
5.52 miles
Kearsley

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

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£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 41450

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
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    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

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This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

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Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 3950
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  • Insurance
    £ 500
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