| (REF: M3407) Freehold Investment |
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| Seller Reference: |
M3407 |
| B4S Reference: |
27201 |
| Asking Price: |
£238,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
6 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Essex, the East of England, United Kingdom |
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Nationwide are pleased to offer to the market : The Investment comprises: GROUND FLOOR DOUBLE FRONTED RESTAURANT
We understand the Restaurant with accommodation over is let on an 18 years full repairing and insuring lease from January, 2011 at a rental of £9,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
As will be appreciated with the second flat producing a rental income of £6,000 p.a. the overall rental income would be £15,500 p.a.
RECOMMENDED FOR EARLY INSPECTION
ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT £238,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The SPACIOUS living accommodation, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
4 Double Bedrooms (1 with en suite bathroom)
Fully tiled bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen
In addition included in the sale is a second SELF CONTAINED FLAT, situated on the second floor, comprising:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
We understand that this flat has the potential to be let on a shorthold tenancy to provide an additional rental income of approximately £500 per month.
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Location: |
Situted end of parade with seaviews, ESSEX |
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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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