Investment Properties for sale in Maidstone

View the "Excellent Investment Opportunity with Good Covenant in Restaurant set in large plot" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (March 2017)
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Freehold Price: £775,000 Under Offer
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Business Description
We are delighted to offer on the market this well established Indian restaurant with excellent tenant in situ under a fully repairing and insuring lease, 14 years unexpired. Rental income received: £50,940 per annum, rent reviews annually at RPI. The subject property is set in a large plot comprising detached premises with ground floor restaurant, private living accommodation over, separate outbuilding currently trading as a function suite, car parking and additional land. The tenant may consider offers to surrender the lease should a developer wish to purchase the site. We are seeking offers for the Freehold Interest, with the property being sold as an investment with the tenant in situ, for £775,000 thus making a 6.5% yield.
Tenure: Freehold

Location Details:
The property/site is situated in the village of Coxheath near Maidstone, Kent. There has been a great deal of redevelopment in Coxheath with the construction of new flats. Maidstone is the County Town of Kent with good transport links to London, Dover etc.

Listed by: London Victoria Properties
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