Chain of 2 Investment Properties in Derbyshire For Sale

Situated in a parade, prominent trading position, residential, office and commercial area, DERBYSHIRE

Price £15,000

Features

2 Investment Properties

COMBINED RENTAL INCOME OF £16,000 + VAT plus Ground rent Costs

PREMISES 1. - in the region of 1,450 ft² CURRENTLY TRADING AS A DANCE STUDIO

On a 10 years lease from 2024 with rent reviews every 5 years at a rent of £6,000 p.a. plus VAT.

PREMISES 2. - in the region of 1,500 ft² CURRENTLY TRADING AS A RESTAURANT

Lease from 2013 for 25 years with rent reviews every 3 years at a rent of £10,000 p.a. plus VAT.

Tenure

We have been informed by the lowner that the premises are on a LONG LEASEHOLD to 23rd December 2110 (85 years) with peppercorn ground rent (Paid by tenants £3,000 + VAT p.a. approx)

Price

TO INCLUDE THE LONG LEASES, £150,000 plus VAT
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.