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London , Price: £ 275,000 Development Property - Development Property In London The property comprises a ground floor/basement public house occupied on an 18 month tenancy agreement at a current passing rent of £36,144 + vat free of tie and AWP. There is currently a personal concession in place to the tenant at a rent of £23,933 per annum + VAT. The first flr comprises a 4 bedroom flat and is let on an AST agreement producing £23,920. Unconditional offers are invited for our clients interest which based on the purchase price will realise a gross yield of 17% based on the reduced rental and 21% off of the full rental value. The property represents excellent value for continued licensed use / future owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to purchasing the freehold and gaining the appropriate Local Authority planning consents. The existing use class of the property is A4 'Drinking Establishments'. Planning consent is not required to change the current use to A1 (shops), A2 (financial and professional services) or A3 (restaurants and cafes). Paramount Investments are London commercial property sales agents offering pub properties and pub businesses for sale in the UK on behalf of breweries, pub restaurant chains, pub & hotel groups, pub management companies & bar franchises. Paramount Investments 150 West End Lane West Hampstead London NW6 1SD Tel: 020 7644 2333 News: Latest Property News Email: Investments Blog: UK Pubs For Sale Search: UK Pub Sales Twitter: UK Pubs For Sale Facebook: UK Pubs For Sale Type:  Pub For Sale or Rent:  Sale Price or Monthly Rent:  £ 275,000 Bedrooms:  Bathrooms:  Contact person:   Steve Oliver Phone:  020 7644 2333 E-mail: Reply to Ad Address: City:  London County:  West Hampstead Postal Code:  NW6 1SD Country:  United Kingdom Web Site:  Click here to view View Map: Click Here to view

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