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Reference M5137

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, residential, office and commercial area, Surrey.

Price 825,000

Features

Freehold Investment

DOUBLE FRONTED PREMISES 459.1ft (42.65M)

At present operated by the vendor as a Launderette. The vendor is prepared to enter into a new 5 years tenancy agreement at a rental of 1,000 per calendar month. No rent reviews.

Trading Hours

7 Day week
MONDAY - SUNDAY inclusive 7 am - 7 pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to 2 flats at present let on shorthold tenancies both flats providing a rental income at present of 850 per month, each flat comprises:

1 Double Bedroom
Fitted Kitchen/Diner.
Shower room with shower, w.c. & wash hand basin.

Entrance via door to the left of the shop or via garden to:

Studio flat at present let on a shorthold tenancy & providing a rental income of 920 per month, comprises:

1 Large bedsitting room
Shower room with shower, w.c. & wash hand basin.

Outside

Service road to rear
Garage
Garden

Tenure

The vendor is prepared to enter into a new 5 years tenancy agreement at a rental of 1,000 per calender month. No rent reviews.

AS WILL BE APPRECIATED THE TOTAL RENTAL INCOME FROM THE 3 FLATS AT THE PRESENT TIME IS 31,440 P.A. IN ADDITION WITH THE VENDOR ENTERING INTO A NEW 5 YEARS TENACY AGREEMENT AT A RENTAL OF 12,000 P.A. THE TOTAL RENTAL INCOME IS 43,440 P.A.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY 825,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 577,500 (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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