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1 bedroom commercial property for sale

Outram Street, Sutton-In-Ashfield, Nottinghamshire, NG17

704 sq. ft. | £120,000

Property Description

Commercial information

  • 704 sq ft (65 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • FREEHOLD
  • HIGH YIELDING INVESMENT
  • Impressive yield of 9%.
  • With rental income of 10,500 per annum.
  • QUICK CASH SALE REQUIRED
  • Pizza shop with a flat above

Full description

Tenure: Freehold

Sell your property fast on Right Move with Diverseciti UK for a low flat fee.
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Nottingham EXCELLENT Pizza shop with a flat above for sale FREEHOLD INVESTMENT PROPERTY FOR CASH BUYERS ONLY.

LONG ESTABLISHED PIZZA SHOP TENANT WITH FLAT ABOVE ON A NEW FULL FRI LEASE.

Location: Outram Street, Sutton-in-Ashfield, Nottingham

Property description:
A mid terraced pizza shop with flat above arranged over two floors of traditional brick construction, directly fronting the main road. The property forms part of a long parade of a rich variety of businesses and has a good residential surrounding. This is further supported by on road parking directly in front of the commercial investment property.

Total area of the property is approximately 65.41 sq.m (704.06 sq.ft)

Tenant description:
The freehold purchase of this property makes you the landlord. The property comes with a tenant who is on a 20-year lease. The tenant has been an established pizza shop business for many years with a flat above. A new lease has been signed with an effective start date of 2016. The lease allows for an upwards only rent review every 5 years. On a FRI LEASE meaning that the tenant is responsible to keep property in good repair and condition and in addition to the rent pays the building insurance as well. The rent is payable quarterly in advance to the landlord. The tenant is fully responsible to keep the whole of the property in good condition at the tenant's own expense. The landlord insures the property and the tenant pays the insurance premium to the landlord.

***RENTAL INCOME 10,500 PER ANNUM***
...RENT PAID TO LANDLORD QUARTERLY IN ADVANCE...

A HASSLE FREE INVESTMENT!

AVAILABLE IMMEDIATELY
SIMPLE INVESTMENTS WITH FREEHOLD TITLE AND RENTAL INCOME
FREEHOLD COMMERCIAL INVESTMENT PROPERTY FOR SALE
QUICK SALE FOR SERIOUS CASH BUYERS ONLY

Should you have any further questions please don't hesitate to get in touch, or by calling on: 0161 834 5999



Misrepresentation Act 1967 Diverseciti UK Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: the details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them 3: no person in the employment of Diverseciti UK Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: all rentals and prices are quoted exclusive of VAT.


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