Available
St. Leonards-on-Sea – Takeaway
30 Fernside Avenue, St. Leonards-on-Sea, East Sussex TN38 0UUVirtual Freehold Takeaway Investment
Price
£110,000
Rent P.A.
£10,250
Yield
9.32%
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
7y 5m
Area
775 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises mid-terrace ground floor takeaway shop
- Occupiers nearby including Tesco Express, Hair and Beauty salon and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor takeaway shop, providing the following accommodation and dimensions
Ground Floor: 72 sq m (775 sq ft)
Reception, kitchen, storage, wc
Ground Floor: 72 sq m (775 sq ft)
Reception, kitchen, storage, wc
Tenancy Description
The property is at present let to Hosain Management Consultancy Ltd (with personal guarantee) for a term of 10 years from 28th April 2022 at a current rent of £10,250 per annum and the lease contains full repairing and insuring covenants. Rent review in in April 2027 open market upward only. Tenant option to determine in April 2027 with minimum 6 months notice.
Tenancies & Accommodation
Location Description
St Leonards-on-Sea is a town and seaside resort in the Borough of Hastings in East Sussex. The property is situated in a parade of commercial units in a predominantly residential area of St Leonards, with occupiers nearby including Tesco Express, Hair and Beauty salon and more.