High Yielding Commercial Investment Opportunity
Prices From £790,000
Global Property Investors welcomes to the market this outstanding freehold investment opportunity which is available with an £85,000 price reduction.
This highly profitable property investment currently yields a staggering £84,336 from rental income from the fish and chip shop and flat making this an easy profitable asset for any discerning entrepreneur.
This double fronted two storey building is fully equipped and currently operational as a very busy fish and chip shop which is very well supported by the local community. The business is not included in the sale. Additionally, there is living accommodation on the first floor.
The Business is very very busy, turning over an average of £8,500 per week. It recently turned over £11,500 in one week in August!
The Tenant pays £1533 per week, increasing by RPI each April. The lease has another 2.5 years to run and we understand that the Tenant is happy to sign a 15 year lease if required.
There is also a 1 bed flat above the shop that produces £385 per month
Total rental Income per year is £84,336 which is a 10.6% return on the purchase price of £790,000.
A Rental deposit from the Tenant in the sum of £30,000 is held which will be transferred to the buyer.
This is an investment gem.
The premise briefly comprises:-
Double fronted two storey building.
Retail area with waiting area with table and two chairs, fly zap, 3 pan range and 1 pan range, counter top fryer, pie warmer, 6 pot Bain Marie, upright drinks chiller, stainless steel service counter, till and light display board.
Preparation room with 1 door stainless steel commercial freezer, fish fridge, 2 door commercial fridge, oil cleaner, 3 microwaves, fly zap and ample stainless steel preparation area.
Potato area with rumbler, chipper, two commercial sinks, chest freezer, 2 door stainless steel fridge, stainless steel table and fly zap.
Toilet with wash basin.
First floor flat with separate external access from ground floor and briefly housing 1 bedroom, kitchen, living room and bathroom.
Yard area and drive to side of the building and parking for up to 3 vehicles.
Outside container/storage/bin area.
This fantastic investment opportunity is a two storey premise occupying a prominent corner position within the heart of the delightful village of Coningsby in Lincolnshire.
This desirable village has a population of around 3800 and the premise is ideally located in the centre of the village on a busy through road surrounded by an abundance of complementary businesses and many residential properties ensuring heavy footfall in the area. Ideally located next door to a busy public house and opposite a popular supermarket with ample parking in the vicinity.
The village has good road links with the A153 running through the village and it lies on the River Bain adding to the charm of Coningsby. Half a mile from the village in RAF Coningsby, one of the Royal Air Forces important stations.
- 10% Below Market Value
- Fantastic Tenanted Investment
- Busy location
- High rental income – £84,336 per year
- 10.6% Rental Yield
- Fully fitted to suit trade