Retail/mixed use investment property for sale in Farnborough

This property is marketed by:
Whozoo

Key Features

• Mixed-Use Investment – Comprising a commercial takeaway and a self-contained two-bedroom flat above
• Single Lease – Entire property let under one lease agreement
• Long-Term Lease – Lease commenced 28 January 2019 for 14 years, expiring 28 September 2033
• Rent Reviews – 5-yearly rent reviews from 29 September 2023
• Current Income – Producing £18,000 per annum in combined rental income

The property is let on a single lease covering both the commercial takeaway and the self-contained two-bedroom flat above. The lease commenced on 28 January 2019 for a term of 14 years, expiring on 28 September 2033, leaving approximately 8 years and 4 months unexpired.

The lease includes biennial rent increases and 5-yearly rent reviews from 29 September 2023, providing scope for future income growth. It is granted within the security provisions of the Landlord and Tenant Act 1954, offering long-term stability and protection for both landlord and tenant. The current combined rental income is £18,000 per annum.

Tenure: Freehold