Commercial property for sale in Rose Court, Olney, Buckinghamshire MK46
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Property features
- Long leasehold Investment for sale
- Rental income
Property description
Long Leasehold Investment premises for sale, comprising of ground floor restaurant, with outside courtyard seating area and w.c. Facilities. To the first floor there is a kitchen and storage, with offices to the second floor. There is 175 years remaining on the long leasehold interest.
The property is currently let on a 20 year lease, subject to 5 yearly reviews at a rental of £35,000 per annum and trading as The Courtyard Brasserie. The head lessee is required under the head-lease to pay Abbey Mill Homes a sum of £3,000 per annum for the use of the external areas, so effectively the rental income equates to £32,000 per annum.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Stimpsons Eves, MK16 on +44 1908 942493 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stimpsons Eves, and do not constitute property particulars. Please contact Stimpsons Eves 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.