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Restaurant for sale

The Esplanade, Chapel St Leonards, PE24

£389,950

Property Description

Key features

  • Investment Opportunity
  • Income 35,100 PA
  • Mixed Use
  • Ground Floor Bar Premises
  • 5 Flats to First Floor
  • Individually Leased
  • Prominent Location
  • EPC Ratings: Flats 1, 2, 3 & 4 - E
  • Flat 5 - D

Full description

Tenure: Freehold

Pygott and Crone are offering a valuable freehold investment for sale by way of a private treaty located within the seaside resort of Chapel St Leonards. The property currently benefits from an income of collectively £35,100 per annum (collected weekly).

The ground floor contributes £10,400 per annum towards the collective annual income and is subject to a 1 year lease which was agreed in October 2015. The accommodation comprises on ground floor; Bar, Cellar, Kitchen; Rear Yard and to the first floor there are 5 self-contained flats.



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