Investment Properties for sale in Isle of Wight

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Investment Property in Isle of Wight

Isle of Wight, England

  • Freehold Price: £750,000
Seller Reference: NB-M5120
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Business Description
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Seller Reference: NB-M5120
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Business Description
Nationwide welcomes to the market this INVESTMENT PREMISES. Central position, ISLE OF WIGHT.

Currently trading as an Indian Restaurant. Ground floor & lower ground floor premises 148m² (1,590 ft²) over both floors. The ground floor restaurant runs to circa 78m² (841 ft²) supported by commerical kitchens, preparation area & lower ground floor storage.

At present leased for a period of 20 years from April 2020 at a rental of £15,000 p.a. with rent reviews every 4 years.

TO INCLUDE THE INVESTMENT PREMISES £750,000, 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 : £750,000 (M5120)

Is accommodation included?:
3 Flats

1 x 2 bedrooms - £550
1 x Large 2 bedrooms with sea views - £675
1 X 1 Bedrooms - £525

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