Restaurants for sale in Earlsfield

View the "Freehold Investment comprising ground floor restaurant with 2 bedroom flat above" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £320000 Leasehold Price: £380000
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Business Description
London Victoria Properties are delighted to offer on the market this Freehold Investment Opportunity comprising a ground floor restaurant (let under a Fully Repairing and Insuring Lease at £18,300 rent per annum) and a 2 bedroom apartment above (which will be vacant upon the day of completion). Both properties have separate Title Deeds. The restaurant holds the Freehold Interest and the Apartment holds a 125 year lease.

The ground floor restaurant/takeaway is currently assigning lease to the new tenants at £18,300 rent per annum. Gross internal area is approximately 1,240ft²/115m² comprising good glass frontage, reception desk, bar, dining area to front, full catering kitchen to rear, ladies and gents WCs. Rear access to yard. Seating for approximately 50 covers. Freehold price for the restaurant is £320,000.

At first floor level is a beautiful 2 bedroom apartment with potential balcony comprising 2 double bedrooms, 1 with ensuite WC, shower room, lounge and kitchen. Potential exists (subject to planning) to link the existing balcony at the rear of the property. The apartment is registered under separate Title Deed under a 125 year lease. No service charge. Ground rent is £300 per annum. Leasehold Sale Price: £380,000.

Offers invited!
Tenure: Freehold, Leasehold

Location Details:

The property is located on the busy Garratt Lane, Earlsfield, near Duntshill Road and a short walk from Earlsfield rail station. Predominantly residential area but with the added benefit of being situated right in the heart of a variety of local businesses, eateries, public houses, health and beauty establishments etc.

Leasehold Term:

125 years lease for the apartment. Restaurant holds the Freehold interest.

Listed by: London Victoria Properties
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