Investment Property in South London For Sale

Situated in a parade, main road trading position, residential and commercial area, SE LONDON

Price 250,000

Features

Virtually Freehold (125 Years From 2005) Investment Trading As A Catering Business (hot Food Takeaway)

DOUBLE FRONTED PREMISES in the region of 600 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED lights.

Basement in the region of 230 ft², with toilet with w.c. shower and wash hand basin..

We understand the property is let on a 16 years full repairing and insuring sub-lease from the 2025 and has a current rental income of £20,000 p.a. for the first 3 years, then £22,000 p.a. for one year and a rent review thereafter.

Tenure

LONG LEASEHOLD.

Price

OFFERS INVITED FOR THE VALUABLE LONG LEASEHOLD PROPERTY (ground rent £400 p.a. plus service charge and insurance £800 p.a. ) in the region of £250,000, subject to contract.

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote