COMMERCIAL INVESTMENT - LET AT £25,000pa
Freehold cafe/restaurant investment of approximately 970 sq ft located in a prime position on Whiteladies Road. The property comprises a ground floor customer serving/dining area with kitchen and storage in the basement and is to be sold with a new 10 year lease in place. This is an ideal opportunity for an investor seeking a high yielding investment in highly desirable location.
DESCRIPTION -
Well presented cafe/restaurant investment let on a new 10 year lease at £25,000pa. The property measures approximately 970 sq ft arranged as ground floor dining area, rear terrace and toilet facilities with kitchen and storage in the basement. To be sold Freehold subject to the occupational lease.
LOCATION -
Situated in a highly desirable trading position on Whiteladies Road, opposite Tesco express within a mixed parade of shops and amenities.
TENURE -
Understood to be Freehold.
LEASE DETAILS -
The property is to be sold let subject to a new 10 year lease at a passing rent of £25,000pa as per the following terms:
6 months deposit
Tenant only break clause, end of year 5. Subject to 6 months written notice
Upwards only to open market rent review, end of year 5
Full repairing and insuring
Lease excluded from sections 24 - 28 of the landlord and tenant act 1954
BUSINESS RATES -
The rateable Value with effect from April 2023 is £14,250.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: C (expires October 2033)
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated. We understand that the property is not VAT registered.
VIEWINGS -
By appointment with Maggs & Allen.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for asbestos and therefore recommend all interested parties to make their own enquiries.
