£125,000
(£161.29/sq. ft)
Restaurant for saleFernside Avenue, St Leonards-On-Sea TN38
775 sq. ft
Just added
About this property
Investment Consideration:
Gross Initial Yield: 10.00%
Rental Income: £12,500 p.a.
VAT is not applicable to this property
Comprises mid-terrace ground floor takeaway shop
Let until August 2036. No breaks. Rent review in August 2029.
Occupiers nearby including Tesco Express, Hair and Beauty salon and more.
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
Tenancy:
The property is at present let to Jai Shiri Krishna Limited (with personal guarantee) for a term of 10 years from 17th August 2026 at a current rent of £12,500 p.a. And the lease contains full repairing and insuring covenants. Rent review in in August 2029 open market upward only. No breaks. Deposit held of £3,125.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of Peppercorn.
Location:
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.
Gross Initial Yield: 10.00%
Rental Income: £12,500 p.a.
VAT is not applicable to this property
Comprises mid-terrace ground floor takeaway shop
Let until August 2036. No breaks. Rent review in August 2029.
Occupiers nearby including Tesco Express, Hair and Beauty salon and more.
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
Tenancy:
The property is at present let to Jai Shiri Krishna Limited (with personal guarantee) for a term of 10 years from 17th August 2026 at a current rent of £12,500 p.a. And the lease contains full repairing and insuring covenants. Rent review in in August 2029 open market upward only. No breaks. Deposit held of £3,125.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of Peppercorn.
Location:
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.
Mortgage calculator
Monthly repayment
£625 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}