Outstanding Opportunity To Acquire A Long Leasehold Investment | | Undisclosed Kent | | Excellent main road trading position, KENT | | ADVERT NUMBER : 39224
ADVERT IMPRESSIONS : 47,616 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £360000 | LEASEHOLD: | £185000 | | | | | BUSINESS DETAILS: | Features : Car Parking at side for 2/3 carsSPACIOUS BAR with Full On Licence. Total area in the region of 1,500 sq. ft. We understand the bar is let on a 10 years lease from the 1st March, 2006 and provides a rental income of £17,000 p.a. exclusive of rates up to March, 2011, with rent to be agreed thereafter.Included in the sale is the adjoining premises comprising:Front Entrance to - SPACIOUS BASEMENT at present utilized for Pizza Takeaway & Delivery, however with ample space to be also be operated as a Restaurant. The Pizza Premises are let on a 15 years full repairing and insuring lease from November, 2007 and also provide a rental income of £17,000 p.a. exclusive of rates up to November, 2012, with rent to be agreed thereafter.As will be appreciated the combined rental income from the above 2 leases is currently £34,000 p.a.Location : Excellent main road trading position, KENTTenure : RECOMMENDED FOR EARLY INSPECTIONPrice : OFFERS INVITED FOR THE LONG LEASEHOLD PROPERTY (999 years at Peppercorn Ground Rent) £360,000 subject to contract.SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTALTERNATIVELY THE VENDORS ARE PREPARED TO CONSIDER SELLING THE INVESTMENTS SEPARATELY.ASKING PRICE FOR THE PREMISES LET ON LEASE AS A BAR £185,000 for the leasehold propertySUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTASKING PRICE FOR THE ADJOINING PREMISES COMPRISING THE PIZZA RESTAURANT £175,000 for the leasehold propertySUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
