Investment opportunity in Peterborough city centre.
The property comprises a 4 storey building of brick construction, with a restaurant on the ground and first floors and two flats let on AST's on the second and third floors. The restaurant (Embe Soul Food) is currently paying a rent of £20,000 per annum, with the lease due to expire in April 2024, however the tenant are happy to renew for another 5 years (unbroken). The two flats above each have a combined rental income of £1,400 per calendar month (£16,800 per annum).
Strictly by appointment with the sole agents.
The property is available for a sale freehold. Guide price of £600,000.
|Name||sq ft||sq m|
|Ground - Floor restaurant||1,020||94.76|
|Ground - Floor Store||72||6.69|
|1st - Floor restaurant||728||67.63|
|2nd - Floor Flat||876||81.38|
|3rd - Floor Flat||866||80.45|