Virtually Freehold Investment or Catering Premises in South London For Sale

Situated in a small parade, excellent trading position, residential area, SW LONDON

Price 200,000

Features

Virtually Freehold (125 Years From 1992) Investment / Catering Business (hot Food Takeaway) Since 2015

DOUBLE FRONTED PREMISES in the region of 430 ft² WITH ELECTRIC SHUTTERS, Tiled flooring.

Cloakroom with toilet and wash hand basin.

Store room.

We are advised the existing tenant has been in occupation since 2015. THE LEASE EXPIRED in 2025 and they have refused to signed the new agency agreement.

Outside

Yard in the region of 60 ft²

Tenure

The vendor owns the long lease granted in 1992 for 125 years, 92 years unexpired, with a peppercorn ground rent.

LONG LEASEHOLD.

THIS PREMISES WILL BE SOLD WITH THE TENANT IN SITU AND THE INCOMING PURCHASER WILL HAVE TO DEAL WITH ANY EVICTION / RENTAL AGREEMENT

Price

FOR THE VALUABLE LONG LEASEHOLD PROPERTY (peppercorn ground rent) £200,000, subject to contract.

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 140,000 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote