- Listing ID: 861549
- (Seller ref: M2845)
Outstanding Opportunity Long Leasehold Investment In Kent For Sale
- Location:
-
- UK
- > England
- > South East
- > Kent
- Category:
- Type:
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Summary
- Asking price:
- £185,000
- Turnover:
- Available on request
- Net profit:
- Available on request
- Employees:
- -
)
Business description
Car Parking at side for 2/3 cars
SPACIOUS 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.
Property information
- Property:
- Leasehold
- Lease terms:
- RECOMMENDED FOR EARLY INSPECTION
- Location:
- Excellent main road trading position, KENT
Other information
- Expansion potential:
- -
- Reasons for selling:
- OFFERS INVITED FOR THE LONG LEASEHOLD PROPERTY (999 years at Peppercorn Ground Rent) £360,000 subject to contract. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT ALTERNATIVELY 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 property SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT ASKING PRICE FOR THE ADJOINING PREMISES COMPRISING THE PIZZA RESTAURANT £175,000 for the leasehold property SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
- Trading hours:
- -
- Financing available:
- SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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