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Advert Ref: N886

Freehold Investment Premises - Shooters Hill London Se18 For Sale

  • London, London
Asking price:
£700,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

LICENCED RESTAURANT
SELF CONTAINED 3 BEDROOM FLAT
REAR YARD/STORE
TOTAL PRODUCING £46,800 P.A.

LOCATION
Prominently situated fronting Shooters Hill being surrounded by a densely populated residential area.

BUSINESS
The current tenants are as follows: A Licenced Restaurant, a 3 bedroom flat and rear yard/storage area.

TURNOVER
RENTAL INCOME

Restaurant - £18,000 P.A. New 20 year lease starting March 2018. (4 year reviews)
First floor 3 bedroom flat is held on an AST until September 2026 at a rent of £1,400 pcm (£16,800 pa)
Rear Yard/Store let on a 5 year lease from 12th August 2021 at a rental of £12,000 pa.
TOTAL - £46,800 P.A.

PREMISES
Detached premises with an overall ground floor of 1,230 sq/ft approx. with Licenced Restaurant. First floor comprising a self contained 3 bedroom flat.
OUTSIDE: Rear Yard: Vehicle access.

PLANNING: In July 2014 permission was approved for a single storey rear extension to be used as storage (Reference 14/1609/CE).

TENURE
Freehold

EPC RATING
Band D

BUSINESS RATES
N/A

Property:
Freehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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