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Opportunity to acquire a Long Leasehold INVESTMENT

Price:
Freehold - £250,000
Seller Ref:
M2362
Location:

West Sussex

Business Type:

Commercial Property

See Other:
Investment properties for sale in West Sussex
Commercial property for sale in West Sussex
Description:
THE BUSINESS:
Nationwide are pleased to offer to the market : Spacious well fitted Unisex Hairdressing Salon

Customer's car parking in front of parade.

Spacious modern SALON approx. 17ft 10 wide x 45ft 4 depth with oak strip floor. Air conditioning/heating. 12 hairdressing stations, 3 back basins. Music system. CCTV system with 5 cameras, monitor, digital recorder.

2 offices (1) 10ft 2 x 9ft 2 (2) 9ft 8 x 6ft 10 plus work room 10ft 2 x 10ft 8

Staff kitchen 9ft 4 x 6ft 3

2 cloakrooms

The property is leasehold having approximately 87 years unexpired at a ground rent of only £50 p.a. fixed for the whole period.

THE LEASEHOLD PROPERTY HAS BEEN LET TO INCLUDE THE SHOP WITH ACCOMMODATION OVER ON A NEW 20 YEARS FULL REPAIRING AND INSURING LEASE FROM DECEMBER, 2007 AND PRODUCING A RENTAL INCOME OF £20,000 P.A. EXCLUSIVE OF RATES UP TO DECEMBER, 2011, WITH RENT REVIEW AT THAT TIME AND THEREAFTER EVERY 4 YEARS.

RECOMMENDED FOR EARLY INSPECTION

OFFERS INVITED TO INCLUDE THE LONG LEASEHOLD PROPERTY £250,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Location Details:
Situated in a parade of 5 shops, sought after residential area, WEST SUSSEX locality
Accommodation:
The accommodation in the form of a SELF CONTAINED FLAT over, all in VERY GOOD CONDITION and with NIGHT STORAGE HEATING, comprises:

Entrance Hall
Lounge 15ft 10 x 10ft
Kitchen/Dining Room 19ft 4 x 7ft 4
2 Bedrooms (1) 11ft 4 x 10ft 8 (2) 9ft 11 x 6ft 10
Bathroom with bath, w.c. and wash hand basin

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