FREEHOLD INVESTMENT

Price:

Freehold - £450,000

Seller Ref:

M3484

Location:

West Midlands

Business Type:

Commercial Property

See Other:

Investment properties for sale in West Midlands
Vacant premises for sale in West Midlands
Commercial property for sale in West Midlands

Description:

THE BUSINESS:

Nationwide are pleased to offer to the market : The shop premises we understand have a sales area in the region of 2,500 sq. ft. and is operated as a SELF SERVICE CONVENIENCE STORE.

We understand the shop premises are let on a new 20 years full repairing and insuring lease from October, 2010 and produce a rental income of £20,000 p.a. exclusive of rates with rent reviews every 5 years.

AS WILL BE APPRECIATED WITH THE RENTAL INCOME FROM THE SHOP & FLAT OVER, THERE IS A TOTAL RENTAL AT THE PRESENT TIME OF £32,000 P.A.

RECOMMENDED FOR EARLY INSPECTION

OFFERS INVITED FOR THE VALUABLE FREEHOLD INVESTMENT £450,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Location Details:

Situated in a parade, residential area, WEST MIDLANDS.

Accommodation:

INCLUDED IN THE SALE IS THE SELF CONTAINED FLAT OVER which is at present let on a shorthold tenancy and provides a rental income of £12,000 p.a. The flat comprises:

4 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen

Yard at rear