Nationwide welcomes to the market this VIRTUALLY FREEHOLD (approximately 994 years unexpired - nominal ground rent) INVESTMENT. Situated in a parade, excellent main road trading position, HERTFORDSHIRE.
SPACIOUS SHOP in the region of 1,300 sq. ft. is at present let to Ladbrokes the Bookmakers.
We understand the premises are let on a full repairing and insuring lease, the present lease expiring in December, 2030 at a current rental of £19,000 p.a. exclusive of rates up to December, 2020 with rent review at that time and thereafter after the following 5 years. We are further advised that there is a Break Clause in the lease at December, 2025.
ASKNG PRICE FOR THE FREEHOLD INVESTMENT £399,000 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 : £399,000 (M5017)
Is accommodation included?:
Parking space at rear for 4 cars