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PRIME LOCATION RESTAURANT (A3)/TAKEAWAY (A5) – LEASE FOR SALE

Lease for Sale
120 Fortess Road, Tufnell Park, London NW5 2HL
RENT £43,000 per annum exclusive

LOCATION:

The premises are located on the East side of Fortess Road, close to its junction with Brecknock Road & Dartmouth Park Road. The area is well served with multiple and independent retailers along with fashionable restaurants & pubs. Transport facilities are convenient with Tufnell Park Underground Station (Northern Line) within a couple of minutes’ walk. Numerous buses also serve the area.

DESCRIPTION:

The property comprises a ground floor A5 take-away shop with additional outside storage and 2 x garages along with a self-contained, 1-bedroom flat above which is currently let by the Leaseholder.

AREAS (All Measurements Are Approximate):

Ground Floor – Sales: 721 Sq Ft (67 Sq M)

Ground Floor – Storage & WC: 205 Sq Ft (19 Sq M)

Rear Yard – Storage Unit: 97 Sq Ft (9 Sq M)

2 x Garages: 269 Sq Ft (25 Sq M)

TOTAL: 1,292 Sq Ft (120 Sq M)

TENURE:

Leasehold

LEASE:

Assignment of a FRI Lease granted in March 2010 for a term of 10 years subject to a 5 yearly rent review. The Lease is contracted inside the Landlord and Tenant Act 1954.

RENT:

£43,000 per annum exclusive

RESIDENTIAL INCOME:

£17,000 per annum coming from the flat above.

PREMIUM:

£60,000 for the benefit of the Lease and all fixtures & fittings.

LEGAL COSTS:

Each party to bear their legal cost. Landlord’s legal costs to be split.

EPC:

Attached and sent separately.

BUSINESS RATES:

We have been advised that the current business rates payable are £13,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.

VIEWING:

Strictly by appointment only through owners Sole Agents as above.

SUBJECT TO CONTRACT

 

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: July 2018.
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Address

120 Fortess Road, Tufnell Park, London NW5 2HL
United Kingdom
London
NW5 2HL

Additional Details

RENT £43,000 per annum exclusive
1,292
120
£60,000 for the benefit of the Lease and all fixtures & fittings.
Leasehold

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