20-24 Belle Vue Ter, Malvern, WOR for Sale
Restaurant - FOR SALE
1/1
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20-24 Belle Vue Ter
Malvern, WOR WR14 4PZ


HIGHLIGHTS

  • Income producing
  • Good frontage
  • Good location

OVERVIEW

Long leasehold investment opportunity, the property comprises of a ground floor restaurant/bar with residential upper floors. The property is sub-let to Loungers (UK) Ltd on a 25 year effectively fully repairing and insuring lease from 05 October 2015 expiring 04 October 2040. The property is subject to 5 yearly upward only rent reviews with the next rent review due 05 October 2025. All terms relating to the 999-year lease are mirrored in the occupational lease. The property is also available as part of a portfolio sale comprising of 9 properties with a combined income of £552,562 with opportunity to increase to £610,062 pa. The portfolio is available to purchase for £7,500,000.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prezzo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

WR143711

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Robert DiggleEddisonsMore Info

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