29th April 2019
Reap the rewards of a unique garden centre investment
The sale of a flourishing Leicestershire garden centre represents a rosy opportunity to cultivate a commercial property portfolio with an investment which could pay for itself in a decade.
Staunton Harold Nurseries & Garden Centre is due to be sold by SDL Auctions Graham Penny, the largest auctioneer in the East Midlands, at its next Leicester auction with a *guide price of £775,000+.
But investors don’t need to be green-fingered as the current owners have no desire to be uprooted just yet, planning to take a 10-year lease back on the premises at an annual rent of £80,000.
This makes it a particularly attractive freehold investment, according to commercial valuer Nick Trow.
He said: “If the property sells for around its guide price, the £80,000 per year rent means the buyer could have recouped their initial investment by the time the 10-year lease is up, giving them the option to relet the premises or take the garden centre in their own direction.”
From a budding plant nursery which opened in 1990, the privately owned centre, in Melbourne Road, Staunton Harold, Ashby-De-La-Zouch, has blossomed into a fully operational garden centre offering a vast array of plants and garden furniture, with an aquatic centre, gift shop and restaurant on site, as well as a large car park.
It is set within the walled garden to the rear of Staunton Harold Hall, the grounds of which extend to 2,000 acres with plenty of walks. Next to the garden centre in the former stable block of the hall is the Ferrers Centre for Arts & Crafts, which has with cafés and a delicatessen. The three venues form a cluster of attractions which combine to make Staunton Harold a popular destination for family days out.
The surrounding area has much to offer, too, including the popular Calke Abbey and Park, a National Trust property, Staunton Harold Reservoir and Visitor Centre in the National Forest and the English Heritage’s Ashby de la Zouch Castle.
Close to the border with Derbyshire, the centre is easily accessed from main roads and the motorway network, which means it draws visitors in from a wide area of Leicestershire, Derbyshire and Staffordshire.
Nick added: “This is definitely one of the stand-out properties in our Leicester auction and a rare opportunity to acquire a unique commercial investment. The garden centre is clearly thriving in its really special location and the current owners are keen for this success to continue.”
The garden centre is due to go under the hammer at SDL Auctions Graham Penny’s auction at the King Power Stadium, Leicester, on Tuesday 21 May. Other properties in the auction include houses, flats, offices and land in Leicestershire and around the country.
There is still time to enter your property into the auction. For more information or a free property appraisal, click here or call 0116 254 9654 to speak to the auctions team.