Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Restaurant sold with vacant possession. Ideal for owner/occupier
- 8 flats on 125 leases with annual ground rent of £1,850
- Potential rental income for restaurant when let £13,000 p.a. plus VAT approx.
The subject premises are located on a prominent corner position.
The premises are being sold with vacant possession and ideal for owner occupier or investor.
Class E
C3 Dwelling house
Each party will be responsible for their own legal fees.
Retail shop/restaurant on ground floor and basement currently trading as restaurant/café.
8 Flats all let on long leasehold on ground, first and second floors.
Restaurant sold with vacant possession. Ideal for owner/occupier
8 flats on 125 leases with annual ground rent of £1,850
Potential rental income for restaurant when let £13,000 p.a. plus VAT approx.
Restaurant/shop - Vacant.
Flats 1-7 let on 125 year lease from 2017 at a ground rental of £250 each with uplifts every 15 years.
Flat 8 let on 125 year lease from 2nd March 2017 at a ground rent of £100 p.a. with uplifts every 15 years.
PRICE
£130,000 freehold plus VAT
VACANT RESTAURANT AND RESIDENTIAL INVESTMENT - FOR SALE
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