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Freehold Restaurant Investment with Development Potential
Comprises ground floor restaurant and self-contained three bedroom flat above
Outdoor seating area for c. 50 people and car parking for 30+ vehicles.
Total gia 313.96 sq m (3,379 sq ft)
Additional land on site with development potential (stp)
VAT is not applicable to this property
Well located being directly on Winchester Road
Investment Consideration: Gross Initial Yield: 5.50% Rental Income: £55,000 p.a. VAT is not applicable to this property Comprises ground floor restaurant and self-contained three bedroom flat on first floor. The property benefit from outdoor seating area for c. 50 people and car parking for 30+ vehicles. Total gia 313.96 sq m (3,379 sq ft) Additional land on site with development potential (stp) Well located being directly on Winchester Road
Property Description: The property comprises large restaurant on ground floor (100 covers) and a self-contained three bedroom flat on first floor. The restaurant benefits from additional outdoor seating area for c. 50 people and car parking for 30+ vehicles. Additional land on site with development potential, subject to obtaining the necessary consents.
The property provides the following accommodation and dimensions: Ground Floor: Restaurant 228.38 sq m (2,458 sq ft) First Floor: Flat 85.58 sq m (921 sq ft) Total Area Size: 313.96 sq m (3,379 sq ft)
Tenancy: The property is at present let to an Individual for a term of 15 years from 24th September 2018 at a current rent of £55,000 per annum and the lease contains full repairing and insuring covenants. Upward only open market rent review in 2023. No break clause.
Location: Waltham Chase is a village in Hampshire, England, neighbouring the town of Bishop's Waltham. It is in the civil parish of Shedfield. The village comprises about 2 sq. Kilometres of land to the south-east of Bishop's Waltham. The property is well located being directly on Winchester Road between Bishop's Waltham (1.2 miles north) and Wickham (3.3 miles south), while Junction 10 of the M27 is approximately six miles away.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
Contact Blue Alpine Partners about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.