FREEHOLD INVESTMENT comprising GROUND FLOOR CAFÉ with SELF CONTAINED FLAT O
Price:
Freehold - £315,000
Business Type:
Commercial Property
Nationwide are pleased to offer to the market : Ground Floor CAFÉ/SANDWICH BAR (Full A3 use)
The ground floor is let on a 16 years full repairing and insuring lease from December, 2003 and is currently providing a rental income of £10,000 p.a. exclusive of rates up to December, 2011, with rent review at that time and thereafter every 4 years.
Included in the sale is the SELF CONTAINED accommodation over, at present let on a 6 months shorthold tenancy and providing a rental income of £800 per month. The SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
As will be appreciated with the rental income currently of £10,000 p.a. exclusive of rates from the Café and with a further rental income currently of £9,600 p.a. in respect of the self contained flat over, the combined rental income at the present time is £19,600 p.a.
RECOMMENDED FOR EARLY INSPECTION
OFFERS INVITED FOR THIS VALUABLE FREEHOLD INVESTMENT in the region of £315,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Alternatively the vendor is prepared to sell the Freehold Investment excluding the Self Contained Flat over, the ground floor Café as will be appreciated producing a rental income at the present time of £10,000 p.a. up to December, 2011, with rent review at that time and thereafter 4 years.
OFFERS INVITED TO INCLUDE THE FREEHOLD GROUND FLOOR INVESTMENT (EXCLUDING ACCOMMODATON OVER), £160,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Situated in a parade, busy road, densely populated residential and commercial area, MIDDLESEX
North Yorkshire
£ 750,000
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