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Reference M4817

Investment Property in Fareham For Sale


Register to see map and to make an appointment Situated in a small parade, residential area HAMPSHIRE FAREHAM

Price 187,000

Features

Freehold Investment

Forecourt with SPACIOUS SINGLE FRONTED SHOP probably in the region of 800 sq. ft.

We understand the premises have been let and is trading as a Barbers. We understand a lease for 5 years was granted in May, 2018 producing a rental income of 14,400 p.a. exclusive of rates. We further understand there is a Break Clause at the third year on the tenants side

Rear kitchenette

Staff cloakroom with w.c. & wash hand basin

Adjoining area providing parking for 2/3 cars

We understand that a new 10 years full repairing & insuring lease is being entered into providing a rental income of 15,000 p.a. fixed for the first 5 years with rent review for the remaining 5 years.

Tenure

OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD INVESTMENT IN THIS SOUGHT AFTER LOCATION

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY 187,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 130,900 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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