Location On Map
LATE BAR/RESTAURANT PREMISES IN MUSWELL HILL – LEASE FOR SALE
The property is prominently located on Muswell Hill Broadway amongst the multitude of amenities to include shops, restaurants and bars of this highly sought-after area of London. Occupiers in the vicinity include Franco Manca, Pizza Express, Café Nero, Costa Coffee and Boots. Transport facilities are convenient with regular buses to Highgate (Northern Line) and Finsbury Park (Victoria & Piccadilly Lines) Underground Stations as well as other parts of the city. The area also benefits from easy access to major road networks like A406 & A10.
The property comprises a late Bar & Restaurant which has been fitted out recently to a high standard, with 4 self-contained studio flats above and WC facilities in the basement.
AREAS (ALL DIMENSION ARE APPROXIMATE)
Ground Floor – Bar & Club Area: 1,163 Sq. Ft (108 Sq. M)
Basement – Storage & WC’s: 452 Sq. Ft (42 Sq. M)
Total: 1,615 Sq. Ft (150 Sq. M)
There are 4 x Studio Flats above, producing £42,000 per annum income.
The property has the benefit of a Late Bar/Restaurant Licence.
Sunday – Thursday until 00.30 am
Friday – Saturday until 02.30 am
Assignment of a Full Repairing and Insuring Lease, inside the Landlord and Tenant Act 1954, granted in November 2014 for a term of 15 years and subject to 5 yearly rent reviews.
We have been advised that the current business rates payable are £8,600 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.
£140,000 for the benefit of the Lease and all fixtures & fittings.
Each party to bear their own legal costs.
Attached and sent separately.
Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.
COMMERCIAL LEASE CODE
Christo & Co have advised their clients about The Code for Leasing Business Premises in England and Wales 2007. The code strongly recommends seeking professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website www.leasingbusinesspremises.co.uk
Strictly by prior appointment through SOLE Agents as above.
SUBJECT TO CONTRACT