Spacious Empty Shop in Kent For Sale

Situated in a parade, busy road, KENT

Price £5,000 / £240,000

Features

Spacious Empty Shop

At present Empty Premises until recently selling East European Foods. In our opinion the premises offer terrific potential for a number of Retail Trades including Hairdressing, Nail Bar etc.

DOUBLE FRONTED PREMISES probably in the region of 500 sq. ft. sales area, fluorescent lighting.

Stockroom

Staff w.c. & wash hand basin

Accommodation

The SELF CONTAINED accommodation situated over the shop is at present let on a shorthold tenancy & provides a rental income of £500 per month, however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

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

Outside

Yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15/20 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

RECOMMENDED FOR EARLY INSPECTION

Price

PREMIUM REQUIRED FOR THE NEW LEASE £5,000 subject to contract

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY £240,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 168,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote