Business description

Car Parking at side for 2/3 cars

SPACIOUS BAR with Full On Licence. Total area in the region of 1,500 sq. ft.

We understand the bar is let on a 10 years lease from the 1st March, 2006 and provides a rental income of £17,000 p.a. exclusive of rates up to March, 2011, with rent to be agreed thereafter.

Included in the sale is the adjoining premises comprising:
Front Entrance to -

SPACIOUS BASEMENT at present utilized for Pizza Takeaway & Delivery, however with ample space to be also be operated as a Restaurant.

The Pizza Premises are let on a 15 years full repairing and insuring lease from November, 2007 and also provide a rental income of £17,000 p.a. exclusive of rates up to November, 2012, with rent to be agreed thereafter.

As will be appreciated the combined rental income from the above 2 leases is currently £34,000 p.a.

Property information

Property:

Leasehold

Lease terms:

RECOMMENDED FOR EARLY INSPECTION

Location:

Excellent main road trading position, KENT

Other information

Expansion potential:

-

Reasons for selling:

OFFERS INVITED FOR THE LONG LEASEHOLD PROPERTY (999 years at Peppercorn Ground Rent) £360,000 subject to contract. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT ALTERNATIVELY THE VENDORS ARE PREPARED TO CONSIDER SELLING THE INVESTMENTS SEPARATELY. ASKING PRICE FOR THE PREMISES LET ON LEASE AS A BAR £185,000 for the leasehold property SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT ASKING PRICE FOR THE ADJOINING PREMISES COMPRISING THE PIZZA RESTAURANT £175,000 for the leasehold property SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

-

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.