Restaurant with a long-term lease agreement.
Description
The property comprises a building on the ground floor of which there is a restaurant of 379 m², and on the second floor there is a plant room and a residential apartment.
The restaurant has a large retractable roof, which provide an outdoor dining area.
Type of ownership: Freehold.
The cost of the property is 2,450,000 £.
Absolute annual income is 132,000 £.
The current yield of 5.1%.
The tenant is one of the leading restaurant companies in the UK, with more than 40 restaurants.
The lease agreement is valid through June 24, 2029. The rent to be review every 5 years.
The brokerage fee is 2%.
The property is located in a rich town in western Kent, in 60 km from the center of London. The town is famous for the architecture of the Regency period, parks and the annual historical festival.
The hotels, a park, a tourist center and a motorway exit are situated not far from the building.
