Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 1,300 sq ft |
| Price | £100,000 |
| Rates Payable | £2,345.30 per annum Under small business rate relief the rates payable would be zero |
| Service Charge | £70 per month |
| EPC Rating | This property has been graded as C (72) |
- Investment Opportunity
- Licensed Premises
- Generating £12,000 per annum rent
- Great Location
About
This investment property is currently let out to a well established business at an annual rent of £12,000 giving a 12% yield. The spacious ground floor unit is currently a licensed premises used for Comedy Nights, Concerts and other private functions. For more information or to arrange a viewing please contact the office.
Ratebale Value - £4,700 ( If this is the purchasers only commercial property and the rateable value is below £13,000, then they could apply for 100% business rates exemption by the council.)
Rates payable - £2,345.30
Tenure - Leasehold
EPC - C
(If the rateable value is below £50,000, then the rates payable will be 49.9%.
However, if the rateable value is £13,000 or less and its your only commercial building then you could apply for 100% business rates exemption.)
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