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Reference M4354
Features
Freehold Investment
Ground floor operated as kebabs & pizza takeaway & delivery with a first floor self contained flat comprising:
1 double bedroom
Bathroom with bath, w.c. & wash hand basin
Living room
Kitchen
The ground floor kebab shop with self contained flat is let on a new 25 years lease from April, 2015 & is providing a rental income of £12,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.
In addition on the first floor is a Studio Flat comprising:
Bedroom/living room plus kitchen area
Bathroom with bath, w.c. & wash hand basin
This flat is let on a shorthold tenancy & currently provides a rental income of £100 p.w.
Second Floor 2 Additional Studio Flats each comprising:
Bedroom/Sitting room with kitchen area
Bathroom with bath, w.c. & wash hand basin
Each of the 2 studio flats are let on shorthold tenancies each currently providing a rental income of £120 p.w.
As will be appreciated with the current rental income from the 3 studio flats & the kebab shop the total rental at the present time is £29,680 p.a.
Tenure
EPC Rating: F (126)
RECOMMENDED FOR EARLY INSPECTION
Price
ASKING PRICE FOR THE FREEHOLD INVESTMENT £295,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Finance
Subject to status, you maybe able to borrow up to £ 206,500 (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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