Nationwide brings to the market this FREEHOLD INVESTMENT. Situated in a residential area KENT.
GROUND FLOOR RESTAURANT currently let on lease having approximately 8 years unexpired at a current rental of £15,000 p.a. exclusive of rates up to the 15th January, 2020 when we understand at that time the rent can be increased by 3% for the next 3 years. (We understand there is an agreement within the lease stating that every 3 years the rent can be increased by 3%).
FOR THE FREEHOLD INVESTMENT £395,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £395,000 (M4982)
Is accommodation included?:
The SELF CONTAINED living accommodation with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of £13,000 p.a. The accommodation comprises:
Front living room
Rear additional large additional living room
Stairs to First Floor
2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basinMedium sized garden