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Reference M3784

Investment Property for sale in Addlestone


Location

Situated in a parade, excellent main road trading position, SURREY

Features

Freehold Investment

GROUND FLOOR SPACIOUS LICENSED RESTAURANT plus BASEMENT with parking facilities at rear for 1 car.

We understand the Restaurant area is let on a 15 years full repairing and insuring lease from August, 2010 and is currently providing a rental income of 33,600 p.a. up to August, 2020, with rent to be agreed thereafter.

AS WILL BE APPRECIATED THE OVERALL RENTAL INCOME AT THE PRESENT TIME IS 62,400 P.A.

Accommodation

Situated on the first & second floor are 2 FLATS both let on shorthold tenancies & providing a rental income:

Flat No. 1 Situated on the first floor comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Living room/kitchen

We understand the rent at present received is 1,200 per month

Flat No 2. Situated on the second floor comprises:
2 Bedrooms (1 double, 1 single)
Shower room with shower, w.c. & wash hand basin
Large living room
Kitchen

We understand the rental income from this flat is at present 1,200 per month

Price

OFFERS INVITED FOR THE VALUABLE FREEHOLD PROPERTY INVESTMENT in the region of 750,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

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