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LATE BAR/RESTAURANT PREMISES IN MUSWELL HILL – LEASE FOR SALE

Lease for Sale
266 Muswell Hill Broadway, London N10 2QR
RENT £41,000 pax

 LOCATION

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.

DESCRIPTION

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)

RESIDENTIAL

There are 4 x Studio Flats above, producing £42,000 per annum income.

LICENSING

The property has the benefit of a Late Bar/Restaurant Licence.

Opening Hours:

Sunday – Thursday                          until 00.30 am

Friday – Saturday                             until 02.30 am

LEASE

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.

RENT

£41,000 pax

RATES

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.

PREMIUM

£140,000 for the benefit of the Lease and all fixtures & fittings.

LEGAL COSTS

Each party to bear their own legal costs.

EPC

Attached and sent separately.

IDENTIFICATION

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

VIEWING

Strictly by prior appointment through 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: January 2019.
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Address

266 Muswell Hill Broadway, London N10 2QR
United Kingdom
London
Muswell Hill
N10 2QR

Additional Details

RENT £41,000 pax
1,615
150
£140,000 for the benefit of the Lease and all fixtures & fittings
Leasehold

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