Investment Property in Staines-upon-Thames For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, STAINES, Middlesex.

Price 350,000

Features

Long Leasehold Investment Property

SINGLE FRONTED PREMISES in the region of 300 ft² WITH SHUTTERS

The business is has been trading as a mobile phone shop since 2019 and are up-to-date with rent payments.

WE HAVE BEEN INFORMED BY THE VENDOR that the tenant has a SECURE RENEWABLE lease for 10 years from 2019 with rent reviews every 5 years at a current rent of £26,400 p.a.

Toilet with w.c. and wash hand basin.

Kitchen.

Stock room.

Tenure

Long lease granted for 999 years in 2019 at Zero rent

Price

THE VALUABLE FREEHOLD INVESTMENT PROPERTY, £350,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 245,000 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote