Freehold Investment | | Undisclosed Essex | | Situted end of parade with seaviews, ESSEX | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63373
ADVERT IMPRESSIONS : 16,320 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £265000 | LEASEHOLD: | £265000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : The Investment comprises: GROUND FLOOR DOUBLE FRONTED RESTAURANT
Location : Situted end of parade with seaviews, ESSEX
Tenure : We understand the Restaurant with accommodation over is let on an 18 years full repairing and insuring lease from January, 2011 at a rental of £9,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
As will be appreciated with the second flat producing a rental income of £6,000 p.a. the overall rental income would be £15,500 p.a.
RECOMMENDED FOR EARLY INSPECTION
Price : ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT £265,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
4 Double Bedrooms (1 with en suite bathroom)
Fully tiled bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen
In addition included in the sale is a second SELF CONTAINED FLAT, situated on the second floor, comprising:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
We understand that this flat has the potential to be let on a shorthold tenancy to provide an additional rental income of approximately £500 per month.
| | | | | | FOR SALE | | | | | REFERENCE: | M3407 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
