Opis:

INVESTMENT OPPORTUNITY WITH LONG TERM DEVELOPMENT POTENTIAL

Located in Great Norwood Street, which offers a range of niche and local shopping facilities and a large number of residential properties in the immediate catchment, the premises comprise a mid-terrace two storey building currently used for the purposes of a Chinese Takeaway.

The premises are let on full repairing and insuring terms to Mr K Y Lee at a current rental of £8,000 per annum exclusive of rates. The lease expires on 23rd June 2028 and the rent is next due for review as at 23rd June 2016.

Offers in the region of £135,000 are invited for the freehold interest. Stamp Duty would not be chargeable for a sale at this price.

The gross yield at this price is 5.92% and it is considered that there is significant upside to the value of the property should it revert to residential use.

Residential, Retail - Out of Town, Restaurant/Cafes, Other Property Types & Opportunities, Retail