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Reference M5688
Features
Long Leasehold Investment (shop and 2 Flats)
TOTAL RENTAL INCOME £29,800
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (vendor) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £14,200 p.a.
IN ADDITION the 2 flats are rented out for £650 per month and a shorthold tenancy agreement.
SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,275 ft² with tiled floor, suspended ceiling with fluorescent lighting
2 Stockrooms
Office
Accommodation
TWO SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £650 per month. The accommodation comprises:
3 Bedrooms (2 double, 1 Single).
Lounge with Terrace.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Outside
2 Garages plus service area at rear providing additional shared car parking
Tenure
LONG LEASEHOLD - 99 year lease until 2078 with a peppercorn rent £650 per year, option to buy freehold, subject to contract, from the council for around £80,000, subject to negotiation.
Price
THE VALUABLE LONG LEASEHOLD PROPERTY, £400,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 280,000 (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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