Property description

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. EPC: 7C. G. AND 9B. D.


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 £650 pcm. Six month Assured Shorthold Tenancy.

Flat 7C Brentwood Road - One bedroom flat with garden.

Let on an 12 months Assured Shorthold Tenancy at a rent of £550pcm.

BEDSITS:


The three rooms are let on an Assured shorthold tenancies totalling approximately £1,256.67 pcm.

Total rental income produced £52,480.



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.

AGENTS NOTE
1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.2. We have been advised by the Vendor that all the heating equipment and appliances mentioned within these particulars were functional at the time of our inspection. However, due to Chandler & Martin not being professionally qualified in this field, we would recommend that they are thoroughly tested by a specialist (i.e. Gas Safe registered) before entering any purchase commitment. 3. Although our Vendor(s) has advised us that all fixtures, fittings and chattels mentioned within these details will remain, we strongly recommend verification by a solicitor before entering a purchase commitment. 4. These particulars do not constitute any part of an offer or contract. No responsibility is accepted as to the accuracy of these particulars or statement made by our staff concerning the above property. Any intended purchaser must satisfy him / herself as to the correctness of such statements and these particulars. All negotiations to be conducted through Chandler & Martin.

Property Features :

• PROMINENT LOCATION
• RESIDENTIAL AND COMMERCIAL PORTFOLIO
• SHOP PREMISES
• TWO SELF CONTAINED FLATS
• THREE BEDSITS