Mixed use for sale
Property description & features
- Area: 2,716 sq ft
- Fully tenanted
- Rental income: £30,000 per annum
- 7.59% gross yield
The main feature of this property is a charming restaurant spread across four floors, providing a captivating dining experience. With ample space for patrons, the restaurant boasts three floors dedicated to dining, including a designated area for functions. Additionally, it includes a well-equipped kitchen and a basement for convenient storage purposes.
On the top floor, a generously sized apartment awaits, offering comfortable living quarters. The apartment comprises a spacious lounge seamlessly integrated with an open-plan kitchen, a bedroom, and a well-appointed bathroom.
Currently, both units are leased to Full Moon Thai, ensuring a steady income stream since June 2022. The lease extends for a duration of 10 years, with a 5-year break clause. Rental income stands at £30,000 per annum, subject to rent reviews on the 2nd, 4th, and 7th anniversaries, ensuring a minimum increase of 10%. Notably, the tenant is responsible for rates and building insurance, further enhancing the investment appeal of this property.
Tenure: Freehold
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