Investment Properties for sale in Appleby

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FREEHOLD INVESTMENT PROPERTY IN APPLEBY, CUMBRIA

Appleby, Cumbria, England

  • Freehold Price: £160,000  Price Reduced arrow_drop_down
Seller Reference: MA1207
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Business Description
 
 
 
 
 
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Seller Reference: MA1207
Request Details
Business Description
• Period Grade II Listed terrace stone property
• Let as restaurant producing an income of £17,000 per annum
• Town centre shopping area
• Historic Eden Valley market town

Location
Appleby-in-Westmorland is an historic and picturesque market town set in the scenic Eden Valley with a population of about 3,000. It is bypassed by the A66 trans-Pennine road, which gives access to Penrith and the M6 motorway, approximately 14 miles to the west and is served by the Settle-Carlisle Rail line. The property is situated in the main shopping area and Conservation area within the town centre.

Description
A substantial four storey mid terrace Grade II Listed period stone building with a covered side passage and small rear yard. It is currently used as a restaurant on the ground and first floors with staff accommodation on the second floor.

Accommodation & Floor Areas
Ground Floor
Restaurant 44.0 sqm (474 sqft)
Customer WC
Kitchen 16.6 sqm (179 sqft)

Basement
Storage 24.9 sqm (268 sqft)

First Floor
Restaurant 34.8 sqm (375 sqft)
Kitchen 17.7sqm (191 sqft)
Stores 4.5 sqm (49 sqft)

Second Floor
4 Bedrooms
WC
Bathroom

Third Floor
Loft Storage 51.2 sqm (551 sqft)

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. The property has gas central heating, burglar and fire alarms. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
We are advised the property is freehold.

Occupational Agreement
The property is let to Muhammad Qadri, who trades as Ashiana Restaurant, for a term of 5 years from 1 May 2019 at a rent of £17,000 per annum on a year full repairing and insuring lease, subject to a schedule of condition.

Rates
Description in list: Restaurant & premises
Rateable Value: £11,250
Council Tax: Band A

Fixtures & Fittings
Any items in the nature of fixtures and fittings not referred to in these particulars are excluded.

Vat & Stamp Duty
All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Stamp duty is liable at the prevailing rates.

Finance
If you require financial assistance, we can refer you to a local professional who can advise on sources of finance and prepare a business plan which most lenders now require.
Tenure:
Freehold
Location Details:
FREEHOLD INVESTMENT PROPERTY
Listed by:
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