If you are saving up to buy a house, good for you. It’s a solid investment and will stand you in good stead for your future. London, however, is getting more and more expensive making it less likely to get more for your money.
According to Rightmove, properties in London went for an overall average price of £771,041 over the last year with the capital still being the most expensive city to buy a property in in the country.
With all the money that you could put into a house, there are also other types of properties that you could buy which would also serve as a great investment into your future like a business.
On the website BusinessesForSale.com, you can pursue a number of different businesses around the country that are up for sale. In London, there are a number of reputable businesses that can be found from pet shops to pubs.
Below, we have documented each pub for sale that is cheaper than what Rightmove said was the average price of properties in London to see how far your money can go with these.
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The Mount Pub in Chingford Mount is on sale for £270,000 and is listed to turnover £480,000 a year. You can buy the property as a leasehold with the rent being £34,000 per annum.
(Image: Businessesforsale.com)The venue has a licence to stay open until 1am from Thursday to Saturday, with a bar spanning 50 meters, seating for 120 inside and 45 outside. There is a kitchen and is said to already host a ‘lucrative pool night’ with ample opportunities to do other events to ‘drive business growth’
(Image: Businessesforsale.com)Dina Wines Ltd is a highly rated Wine bar located in the Leytonstone area on sale for £55,000. It is listed as turning over £82,226 and is for sale as ‘the business is too much work for one person’.
(Image: Businessesforsale.com)On Google, the wine bar has a five-star rating with a solid following on social media too. There are a number of ways they believe that the business can grow by offering more food and coffees.
(Image: Businessesforsale.com)A pub in Holloway located next to university and student housing is on sale for £19,950. The pub is a single bar operation and is held on a free-of-tie lease.
(Image: Businessesforsale.com)The listing says that the pub has ‘huge potential for hands-on or managed setup’
(Image: Businessesforsale.com)This refurbished north London pub is up for sale at £99,950. It is a leasehold so the rent is £45,000 per annum with a turnover of £364,000.
(Image: Businessesforsale.com)The pub has a late licence until 3.30am and is approximately 3100 square foot.
(Image: Businessesforsale.com)This pub in Enfield is for sale for £75,000 on a leasehold. It is a Character Grade II listed public house close to the M25 and A10. It has two bedrooms so that the owners can stay in it too.
(Image: Businessesforsale.com)The country pub has a bar and restaurant which can hold 60 people, along with two function rooms that hold 106.
(Image: Businessesforsale.com)It even has a massive garden and patio area with an outside bar that can hold 200 people and a playground for the kids too.
(Image: Businessesforsale.com)It is located near residential areas, held on private free-of-tie lease and has an open plan trade space for over 120 people.
(Image: Businessesforsale.com)A wine bar is for sale in North London wine for £99,000. Sold on a leasehold, the rent per annum is £18,000 with rates of £707.78 per annum. The lease is available for 40 years with an alcohol license until 2300.
(Image: Businessesforsale.com)The ready-to-trade bar is two storeys and close to a train station. It is approximately 900 square foot and has only closed recently.
(Image: Businessesforsale.com)