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FREEHOLD INVESTMENT FOR SALE

For Sale
114 Seven Sisters Road, Holloway, London N7 6AE
PRICE £950,000, Subject to Contract, with the benefit of the existing Tenancies.

LOCATION

The property is situated on the South East side of this busy thoroughfare, directly opposite Morrisons Supermarket and next to the Post Office. Nearby traders include Sainsbury’s, Clarks Shoes, Peacocks and many other local and national retailers. Transport links are convenient with Finsbury Park (London Underground Piccadilly & Victoria Lines and National Rail Services) Station in close proximity. Numerous bus routes also serve the area.

DESCRIPTION

The subject property comprises a ground floor restaurant with a self-contained 2 bedroom maisonette on the first and second floors.

AREAS (ALL DIMENSIONS ARE APPROXIMATE)

  • Ground Floor (Restaurant)  1,084 Sq. Ft (101 Sq. M)
  • First Floor (Residential)  307 Sq. Ft (28.5 Sq. M)
  • Second Floor  (Residential) 301 Sq. Ft (28 Sq M)
  • Total Area: 1,692 Sq. Ft (157.5 Sq. M)

TENANCIES

Ground Floor (Restaurant)

The premises are let on a Full Repairing and Insuring Lease for a term of 15 years from December 2013, subject to 5 yearly rent reviews, at a rental of £20,000 per annum exclusive.

1st & 2nd Floors (Residential)

2 bedroom maisonette, currently let on an Assured Shorthold Tenancy (AST) producing £17,420 per annum.

Total Income

£37,420 per annum.

PRICE

£950,000, Subject to Contract, with the benefit of the existing Tenancies.

NOTE

Under the Estate Agents Act 1979, Section 21, the Agents declare personal interest in the subject property.

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 2018.
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Address

114 Seven Sisters Road, Holloway, London N7 6AE
United Kingdom
Holloway
N7 6AE

Additional Details

PRICE £950,000, Subject to Contract, with the benefit of the existing Tenancies.
1,692
157.5
Freehold/ Long Leasehold

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