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FREEHOLD INVESTMENT FOR SALE
A5 and residential investment for sale. Current income £29,000 per annum.
Initial yield 5.83 % after allowing for costs of 4.75%.
Rear Parking - the unit comprises a mid terraced two-storey building of brick and rendered front elevations under a slate roof with a single storey rear extension. There is rear vehicular access with two car parking spaces. The ground floor self-contained A5 unit is let to Papa Johns (GB) UK whilst there is a first floor two bedroom centrally heated self-contained flat accessed from the rear.
Papa Johns (GB) Limited has a turnover in the year to 31st December 2016 of £56,539,000 with profit after tax of £4,564,000 as at 20th December 2016 the company operated a total network of 353 Papa Johns outlets in the UK all operated by franchisees.