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Reference M4861

Investment Property in Surrey For Sale

Investment Property in Surrey For Sale
Investment Property in Surrey For Sale Buy a Investment Property in Surrey For Sale Sell a Investment Property in Surrey For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, not far from WOKING, SURREY

Price 295,000

Features

Freehold Investment

GROUND FLOOR. Front entrance with spiral staircase to SPACIOUS BASEMENT RESTAURANT.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

SEPARATE STAIRCASE TO GROUND FLOOR KITCHEN with dumb waiter to basement restaurant.

The restaurant is let on a full repairing and insuring lease, the present lease expiring September, 2025 and currently provides a rental income of 23,600 p.a. up to September, 2021 with rent review at that time.

We understand there are 4 flats over the ground floor all of which are leasehold properties providing a total combined ground rent of 1,000 p.a.

Included in the sale of the freehold property on the ground floor are 2 retail shops providing a Peppercorn ground rent.

In addition we understand there is a service charge received of 600 p.a. providing a total rental income including the service charge currently of 25,200 p.a.

Tenure

RECOMMENDED INVESTMENT

Price

TO INCLUDE THE VALUABLE 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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