Property Description
The premises comprise a two storey and attic mid terraced property used as a takeaway at ground floor level with the first floor previously operated as a restaurant. At ground floor the space is split to provide a large takeaway area to the front and kitchen/prep area to the rear as well as storage and a disabled WC facility. The upper levels are accessed from street level or via door the kitchen and takeaway areas. At first floor a large restaurant area, prep space, dry stores and male/female WC's are provided. The attic level provides two rooms used for storage and a shower room. The investment summary is as follows: - Let to Hasan Genc - Lease Expiry 13th January 2036 with no break option - Passing rent - £33,000 per annum exclusive - 3 yearly rent reviews (upwards only) - Previous rent reviews have yet to be actioned - Terms- Full repairing and insuring - Price £350,000 - Net initial yield at 9.11%
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