Retail property (high street) for sale
Property description & features
- Restaurant sold with vacant possession. Ideal for owner/occupier
- 8 flats on 125 leases with annual ground rent of £1,850
- Potential rental income for restaurant when let £13,000 p.a. plus VAT approx.
The subject premises are located on a prominent corner position.
The premises are being sold with vacant possession and ideal for owner occupier or investor.
Class E
C3 Dwelling house
Each party will be responsible for their own legal fees.
Retail shop/restaurant on ground floor and basement currently trading as restaurant/café.
8 Flats all let on long leasehold on ground, first and second floors.
Restaurant sold with vacant possession. Ideal for owner/occupier
8 flats on 125 leases with annual ground rent of £1,850
Potential rental income for restaurant when let £13,000 p.a. plus VAT approx.
Restaurant/shop - Vacant.
Flats 1-7 let on 125 year lease from 2017 at a ground rental of £250 each with uplifts every 15 years.
Flat 8 let on 125 year lease from 2nd March 2017 at a ground rent of £100 p.a. with uplifts every 15 years.
PRICE
£130,000 freehold plus VAT
VACANT RESTAURANT AND RESIDENTIAL INVESTMENT - FOR SALE
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 109. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ellis & Partners - Bournemouth.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.