A Well Located Freehold Restaurant/Wine Bar Investment Producing £12,000 per annum with Two Self-Contained Flats Above (2 x One Bed). The Second Floor Flat is Let to a Sitting Tenant Producing £2,184 per annum. The First Floor Flat is Vacant.
The property comprises a substantial mid terrace three storey building arranged as a popular ground floor wine bar and restaurant (t/a The Penny Lane) with two self-contained flats at first and second floor levels. The wine bar has been recently refurbished by the tenants.
The property is situated on the famous Penny Lane at its junction with Elm Hall Drive. The open spaces of Penny Lane Millenium Green are a short walk away. Transport links are provided by Mossley Hill rail station.
VAT is not applicable
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.