| (REF: M2921) Freehold Investment |
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| Seller Reference: |
M2921 |
| B4S Reference: |
13545 |
| Asking Price: |
£770,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
3 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Surrey, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : SHOP NO 1.
SINGLE FRONTED SPACIOUS CAFÉ let on lease. We understand the present lease has approx. 18 years unexpired and provides a rental income of £11,000 p.a. for the next 3 years, with rent review at that time and thereafter every 5 years.
ADJOINING THE CAFÉ IS A LARGE CYCLE SHOP comprising 2 shops inter-communicating. At present let and providing a rental income of £12,000 p.a. The cycle shop is on a tenancy agreement providing 1 months notice on either side, in our opinion there is potential to re-let the 2 shops to provide additional rental income.
Included in the investment are 3 flats, each comprising 3 bedrooms (2 doubles, 1 single), bathroom, with bath, w.c. and wash hand basin, lounge with kitchen area. Each flat is let on a shorthold tenancy. Flat No. 1 providing a rental income of £750 per month. Flat No. 2 providing a rental income of £700 per month and Flat No. 3 providing a rental income of £860 per month.
As will be appreciated the total rental income at the present time is £50,720
OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD INVESTMENT IN THIS EXCELLENT TRADING POSITION.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY WITH CURRENT RENTAL INCOME £770,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Rear access. Yard at rear of Café plus large yard at rear of cycle shop. |
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Location: |
Situated in a parade, main road trading position, densely populated residential and commercial area, SURREY. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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