Property photos
Just added
Freehold
£295,000
(£249.16/sq. ft)
Retail premises for sale
47 Peabody Road, Farnborough, Hampshire GU141,184 sq. ft
Local area information
Property location
Nearby amenities
- St Mark's Church of England Aided Primary School 0.1 miles
- South Farnborough Infant School 0.1 miles
- North Camp 0.6 miles
- Ash Vale 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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.
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.
More information
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