Investment Property for sale in West Sussex

Shoreham-by-Sea, West Sussex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Excellent trading position, WEST SUSSEX

The Restaurant with accommodation over is let on a full repairing and insuring lease having approximately 16 years unexpired and providing a rental income of £26,000 p.a. for the next 2 years, with rent review at that time and thereafter every 4 years.

In addition included in the sale is a second flat let on a shorthold tenancy and providing a rental income of £650 per month. The second flat comprises:

First Floor
Kitchen
Living Room/Dining Room
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin

In addition there is a large attic bedroom

As will be appreciated the combined rental income at the present time is £33,800 p.a.

RECOMMENDED FOR EARLY INSPECTION

OFFERS INVITED FOR THIS VALUABLE FREEHOLD INVESTMENT in the region of £550,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £550,000
Tenure : Leasehold
Status: Available
Sectors:
Investment Properties
Vacant Premises
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