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Reference M5019

Investment Property in South London For Sale

Investment Property in South London For Sale

Register to see map and to make an appointment Semi-detached property, main road trading position, densely populated residential & commercial area SE LONDON

Price 379,000

Features

Freehold Investment

GROUND FLOOR DOUBLE FRONTED SALES SHOP operated as a Convenience Store with Full Free Off Licence

Staff w.c. & wash hand basin

Basement ideal for storage purposes

The ground floor sales area and basement we understand are let on a new full repairing and insuring lease for a period of 25 years from 2016 at a curent rental of 15,000 p.a. for the next 2 years with rent review at that time and thereafter every 5 years.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is currently let on a shorthold tenancy & provides a rental of 950 p.a. The FLAT which does require some redecoration comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Small yard

Tenure

AS WILL BE APPRECATED THE TOTAL RENTAL INCOME FROM THE GROUND FLOOR SHOP AND FLAT OVER AT THE PRESENT TIME IS 26,400 P.A.

RECOMMENDED FOR EARLY INSPECTION

Price

ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT 379,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 265,300 (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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