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 £480,000, 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 : £480,000 (M5120)
Is accommodation included?:
1 x 2 bedrooms - £550
1 x Large 2 bedrooms with sea views - £671
1 X 1 Bedrooms - £525