Investment Property in Banbury For Sale

Situated in a parade, pedestrianised road, OXFORDSHIRE BANBURY

Price £320,000

Features

Long Leasehold Investment (999 Years Lease At A Peppercorn Ground Rent)

SPACIOUS GROUND FLOOR RESTAURANT

Currently let as a Indian Restaurant on a 7 year lease from 2022 providing a rental income of £21,000 p.a. with 3 yearly rent reviews.

Tenure

We understand the ground floor premises only are held on a 999 years lease at a peppercorn ground rent, having 983 years left to run.

Price

TO INCLUDE THE LONG LEASEHOLD INVESTMENT £320,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 224,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote