Ref:
ECO0313
| Price:
£500,000
AN OPPORTUNITY TO ACQUIRE A FREEHOLD INVESTMENT CONSISTING OF A COMMERCIAL SHOP PREMISES, TWO SELF CONTAINED FLATS AND THREE BED SITS PRODUCING GOOD INVESTMENT INCOME.
**PROMINENT LOCATION**
**RESIDENTIAL AND COMMERCIAL PORTFOLIO**
**SHOP PREMISES**
**TWO SELF CONTAINED FLATS**
**THREE BEDSITS**
**INVESTMENT INCOME**
Full Description
ACCOMMODATION
RESTAURANT:
Consists of the following.
Restaurant Frontage 31'9" (9.68m). Depth maximum 50' (15.24m). Rear storage rooms. W.C Facilities. Kitchen 16'3" x 10'9" (4.95m x 3.28m).
Tenancy: The restaurant is let on a long lease for 21 years, starting 1st April 2003 and ending on the 31st March 2024. Rent reviews every 3rd anniversary. Present rental income £23,000 p.a.
SELF CONTAINED FLATS
9A Brentwood Road - Two bedroom flat.
Let on an Assured shorthold tenancy producing an income of £600 pcm. Six month Assured Shorthold Tenancy dated 1st August 2010.
Flat 7C Brentwood Road - One bedroom flat with garden.
Let on an 12 months Assured Shorthold Tenancy from 26th February 2010 at a rent of £500pcm.
BEDSITS:
The three rooms are let on an Assured shorthold tenancies totalling approximately £1,061.66 pcm.
Total rental income produced £48,940.
AGENTS NOTE: CHANDLER & MARTIN has not had access to this property or sight of the financial situation of the investment. We therefore request all interested parties make their own enquiries relating thereto. Chandler and Martin can not be held responsible for any discrepancy within these details.