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Reference M4982

Investment Property in Kent For Sale

Register to see map and to make an appointment Situated in a residential area KENT

Price 395,000

Features

Freehold Investment

GROUND FLOOR RESTAURANT currently let on lease having approximately 8 years unexpired at a current rental of 15,000 p.a. exclusive of rates up to the 15th January, 2020 when we understand at that time the rent can be increased by 3% for the next 3 years. (We understand there is an agreement within the lease stating that every 3 years the rent can be increased by 3%).

Accommodation

The SELF CONTAINED living accommodation with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of 13,000 p.a. The accommodation comprises:

Ground Floor
Front living room
Rear additional large additional living room
Kitchen

Stairs to First Floor
2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin

Outside

Medium sized garden

Tenure

As will be appreciated the rental income at present from the restaurant and living accommodation is 25,000 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

FOR THE FREEHOLD INVESTMENT 395,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 276,500 (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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