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Prime Location A1 Retail Shop Lease For Sale

Lease for Sale
77 Chase Side, Southgate, London N14 5BU
RENT £24,000 per annum exclusive

LOCATION

The property is prominently located on Chase Side, close to its junction with Chase Way.  Local occupiers include ASDA, BP, Pizza Express, McDonalds, KFC, Boots and the Bank of Cyprus. Transport facilities are convenient with Southgate Underground Station (Piccadilly Line) within easy walking distance.  Numerous bus routes also serve the area.

DESCRIPTION

The property comprises a ground floor retail shop on this busy High Street with prominent frontage.

AREAS (ALL MEASUREMENTS  ARE APPROXIMATE)

Ground Floor: 840 Sq. Ft (78 Sq. M)

LEASE

Assignment of a Full Repairing and Insuring Lease granted in November 2009 for a term of 20 years subject to 5 yearly rent reviews.

The Lease is inside the Landlord and Tenant Act 1954.

RENT

£24,000 per annum exclusive

PREMIUM

£25,000 for the benefit of the Lease.

RATES

We have been advised that the current business rates payable are £14,650 per annum. However, interested parties are advised to make their own enquiries to the local authority.

EPC

Available upon request.

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.

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

77 Chase Side, Southgate, London N14 5BU
United Kingdom
Southgate
N14 5BU

Additional Details

RENT £24,000 per annum exclusive
840
78
£25,000 for the benefit of the Lease
Leasehold

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