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Reference M4936

Investment Property in South London For Sale

Register to see map and to make an appointment Situated end of parade, main road trading position, residential & commercial area, SE LONDON

Price 330,000

Features

Freehold Investment

SPACIOUS SALES SHOP probably in the region of 1,000 sq. ft. operated as a Self Service Convenience Store & Full Free Off Licence.

We understand the ground floor is let on a 25 years full repairing and insuring lease from March, 2015 and currently provides a rental income of 24,000 p.a. for the first 5 years with rent review at that time and thereafter every 5 years.

The Flat above has been sold on a long leasehold we understand having approximately 98 years unexpired and we understand the freeholder is entitled to receive a ground rent of 150 p.a.

Price

ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT 330,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 231,000 (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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