Investment Properties for sale in Lincolnshire

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S. Campbell (April 2016)
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Freehold Price: £295,000 Leasehold Price: £295,000
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Business Description
Ground floor operated as kebabs & pizza takeaway & delivery with a first floor self contained flat comprising:

1 double bedroom
Bathroom with bath, w.c. & wash hand basin
Living room

The ground floor kebab shop with self contained flat is let on a new 25 years lease from April, 2015 & is providing a rental income of £12,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

In addition on the first floor is a Studio Flat comprising:

Bedroom/living room plus kitchen area
Bathroom with bath, w.c. & wash hand basin

This flat is let on a shorthold tenancy & currently provides a rental income of £100 p.w.

Second Floor 2 Additional Studio Flats each comprising:

Bedroom/Sitting room with kitchen area
Bathroom with bath, w.c. & wash hand basin

Each of the 2 studio flats are let on shorthold tenancies each currently providing a rental income of £120 p.w.

As will be appreciated with the current rental income from the 3 studio flats & the kebab shop the total rental at the present time is £29,680 p.a.

Situated in a parade, country town, LINCOLNSHIRE/NORFOLK BORDERS

Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

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
Tenure: Freehold, Leasehold

Number of bedrooms: 4

Listed by: Nationwide Businesses Ltd
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