Investment for sale Southbourne - 136 Parkwood Road
|Term:||Freehold subject to and with the benefit of the existing lease on the whole|
Investment for sale in Southbourne -Takeaway and Flat
This semi detached property occupies a secondary trading position just off Seabourne Road and a few yards from the busy, affluent shopping centre of Southbourne with its abundance of High Street names and being immediately opposite the landmark Brewhouse and Kitchen Public House serving the densely populated immediate areas of Southbourne, Tuckton and Boscombe/Boscombe East.
There is limited on street parking adjacent.
Open Plan Takeaway / Kitchen – 406 sq ft
Stockroom – 115 sq ft
Door to rear yard and pedestrian access to service pathway.
Currently arranged as living accommodation providing lounge, two double bedrooms and bathroom/wc.
The entire property is let to Akram Abu Matin trading as Akis Indian Takeaway on a 10 year full repairing and insuring lease from 6th June 2014 at a commencing rent of £9,500 per annum exclusive, subject to upwards only rent reviews in June 2017 and 2020.
The lease is contracted within the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
It is our opinion that there is good scope for a 15/20% increase on this rent at the June 2017 review.
£170,000 Freehold, subject to and with the benefit of the existing lease on the whole.
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