Freehold Investment | | Undisclosed Lincolnshire | | Outstanding opportunity to acquire a spacious Freehold Investment comprising Freehouse/Restaurant plus large adjoining Takeaway Fish & Chip Shop plus Café. Gravelled car par at rear for 15/20 cars Large Freehouse/Restaurant, carpeted. Tables and chairs providing seating for 90 persons. The Freehouse, due to family reasons, has recently been closed, however, in our opinion has potential to be let on lease to provide a rental income of in excess of £10,000 p.a. exclusive of rates. Included in the sale is the adjoining Takeaway Fish & Chip Shop plus Café. This section of the property we understand was recently newly built and is all newly fitted to a high standard. The Café/Fish & Chip Shop has seating for 44 persons. Disabled cloakroom with w.c. and wash hand basin We understand the Fish & Chip Shop/Café is let on a new 12 years full repairing and insuring lease to provide a rentabl income of £8,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. | | ADVERT NUMBER : 26244
ADVERT IMPRESSIONS : 36,899 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Investment & Financial | | SALE: | Agent Sale | FREEHOLD: | £420000 | | | | | BUSINESS DETAILS: | Location Spacious detached property adjacent to the seafront, LINCOLNSHIRETenure As will be appreciated in the event of the Freehouse being let for £10,000 p.a. plus the rental income from the adjoining Fish & Chip Shop of £8,500 p.a. and the rental income from the 2 Self Contained Flats the overall rental income would be £29,600 p.a. In our opinion there is potential to increase the rental income from the first floor flat and indeed possibly potential to increase the rental income from the Freehouse.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDPrice OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY £420,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation The accommodation in the form of 2 SELF CONTAINED FLATS, comprise as follows:
Ground Floor. Self contained flat, all recently refurbished and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £525 per month. This spacious flat comprises:
2 Bedrooms
Bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge
Fully Fitted Kitchen
Second Flat situated on the first floor, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING is at present also let on a shorthold tenancy and provides a rental income at the present time of £400 every 4 weeks. This flat comprises:
2 Bedrooms (1 very large double, 1 single)
Bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge/Kitchen areaOutside Rear gravelled area with parking space for 15/20 cars | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
