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Reference M5120

Investment Property in Isle of Wight For Sale

Investment Property in Isle of Wight For Sale

Register to see map and to make an appointment Central position, ISLE OF WIGHT

Price 750,000

Features

Investment Premises

Currently trading as an Indian Restaurant. Ground floor & lower ground floor premises 148m (1,590 ft) over both floors. The ground floor restaurant runs to circa 78m (841 ft) supported by commerical kitchens, preparation area & lower ground floor storage.

At present leased for a period of 20 years from April 2020 at a rental of 15,000 p.a. with rent reviews every 4 years.

Accommodation

3 Flats

1 x 2 bedrooms - 550
1 x Large 2 bedrooms with sea views - 675
1 X 1 Bedrooms - 525

Kitchen
Bathroom
Lounge

Tenure

FREEHOLD

Price

TO INCLUDE THE INVESTMENT PREMISES 750,000, subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 525,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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