Fast Food Restaurants for sale in West Sussex

View the "FREEHOLD INVESTMENT OPPORTUNITY: FOOD EXPRESS, 3 ILFIELD ROAD, CRAWLEY, WEST SUSSEX, RH11 7AP" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Freehold Price: £250,000
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Business Description
FREEHOLD INVESTMENT OPPORTUNITY: FOOD EXPRESS, 3 ILFIELD ROAD, CRAWLEY, WEST SUSSEX, RH11 7AP

OFFERS SOUGHT IN EXCESS OF: £250,000 WHEREBY REFLECTING A 6% YIELD.

Tenant is in situ under a lease dated 19th September 2017
Clause 7 provides the tenant must keep property clean, tidy, in good and substantial repair and condition. Since the lease is of the whole Building the tenant is obliged to keep the property well repaired at his cost.

Clause 5.2, the tenant is responsible to pay the cost of the building insurance.

Term of 4 years starting 1st November 2017 & expiring 31st October 2021.

Tenant has no security of tenure (means no right to renew the lease).

Rent for the lease term has already been settled and set out at clause 1.1.
£15,000 Up to 31st Oct 2020, & £16,800 in Year 2021.

Class Usage is A3 restaurant/A5 takeaway premises only. Currently specialising in Greek cuisine.

Landlord can forfeit the lease if rent is in arrears by at least 7 days.

FREEHOLD OFFERS SOUGHT IN EXCESS OF: £250,000 FOR THE WHOLE BUILDING

To arrange a viewing, please contact us as we need to arrange this with the tenant as it is only courteous to advise the tenant when we wish to attend -
Tenure: Freehold

Location Details: 3 ILFIELD ROAD, CRAWLEY, WEST SUSSEX, RH11 7AP

Listed by: London Victoria Properties

Find out more about this business opportunity.

 
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