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RESTAURANT LEASE FOR SALE IN CROUCH END

Lease for Sale
66-68 Crouch End Hill, London N8 8AG
RENT £46,000 per annum exclusive

LOCATION:

The property is located in a prominent location on the West side of Crouch End Hill close to the junctions of Crescent Road and Edson Road. The property is situated within a parade of local occupiers in this extremely popular residential area. Local occupiers in the vicinity include M&S Simply Food, Firezza and Tootoomoo. The property is well served with transport facilities as numerous bus routes serve the area.

DESCRIPTION:

The property comprises a nicely decorated, double ground floor restaurant with additional storage in the back yard.

AREAS (All Measurements Are Approximate):

Ground Floor: 1,566 Sq Ft (145.5 Sq M)

(* Additional Rear Yard: 307 Sq Ft (28.5 Sq M)

LEASE:

Assignment of a Full Repairing and Insuring Lease granted in December 2015 for a term of 20 years subject to 5 yearly rent reviews.

RENT:

£46,000 per annum exclusive

PREMIUM:

£155,000 for the benefit of the Lease and all fixtures & fittings.

BUSINESS RATES:

We have been advised that the current Business Rates payable are £16,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.

LEGAL COSTS:

Each party to bear their own legal costs.

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.

EPC:

Available upon request.

VIEWING:

Strictly by prior appointment through SOLE Agents as above.

CONTACT:

Mert Seyhan (020 7482 1203 / mert.seyhan@christo.co.uk)

 

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: October 2018.
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Address

66-68 Crouch End Hill, London N8 8AG
United Kingdom
London
Crouch End
N8 8AG

Additional Details

RENT £46,000 per annum exclusive
1,566
145.5
£155,000 for the benefit of the Lease, Client's goodwill and all fixtures & fittings.
Leasehold

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