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£1,400,000 freehold

Food Drink,Investment for sale - 58A Camberwell Church Street, London SE5 Ref: 25338

A highly prominent unbroken freehold property, comprising restaurant and drinking establishment (A3 & A4 use) over ground and basement floors, with three self-contained 1 bedroom apartments above.

The basement (2,224 sqft) and the ground floor (922 sqft) are newly let to a Caribbean restaurant and bar for a fifteen year term, with no breaks, at a rent of £80,000 per annum. The tenant is in the process of undertaking considerable fit-out works to the unit. This is their second outlet, with a similar, well-established operation in Croydon.

The first, second and third floors each comprise a self-contained 1 bedroom apartment, which all measure circa 580 sqft. The first floor unit is let on an Assured Shorthold Tenancy agreement at £1,500 PCM, the second floor unit is subject to a Regulated Tenancy at £6,292 PA, and the third floor flat is currently vacant having been recently refurbished.