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Reference M4541

Investment Property in New Milton For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, HAMPSHIRE. NEW MILTON

Price 395,000

Features

Freehold Investment

At present operated as a Restaurant. We understand the restaurant has seating for approx. 60 persons. In addition, there is a large Kitchen. 2 storerooms. Ladies' & gentlemen's Cloakrooms.

Accommodation

Spacious self contained MAISONETTE comprising: 3 Bedrooms (2 doubles, 1 single). Bathroom with bath, w.c. and wash hand basin. In addition, Shower Room with shower, wash hand basin.

Outside

Shared access at rear.

Tenure

WE UNDERSTAND the entire premises are let on a full repairing and insuring lease, the present lease having approx. 10 years unexpired and providing a rental income of 20,000 p.a. excl. of rates for the next 5 years, with rent review at that time.


OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD INVESTMENT IN THIS SOUGHT AFTER LOCALITY

Price

PRICE TO INCLUDE THE VALUABLE FREEHOLD INVESTMENT, 395,000.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 276,500 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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