Virtually Freehold (125 Years From 2005) Investment Trading As A Catering Business (hot Food Takeaway) For Sale

Description

Double-fronted premises measuring approximately 600 sq ft, fitted with electric shutters. Tiled flooring and a suspended ceiling with LED lighting. Basement area of approximately 230 sq ft, incorporating a toilet with w.c., shower, and wash hand basin.

It is understood that the property is held on a 16-year full repairing and insuring sub-lease commencing in 2025, generating a current rental income of 20,000 per annum for the first three years, increasing to 22,000 per annum for one year, followed by a rent review thereafter.

LOCATION: Situated within a parade, occupying a main road trading position serving a residential and commercial area of South East London.

PRICE: Offers are invited in the region of 250,000 for this valuable long leasehold property, subject to contract (ground rent 400 per annum, plus service charge and insurance of 800 per annum).

SUBSTANTIAL mortgage available to an approved applicant.