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PRIME LOCATION A5 TAKEAWAY PREMISES LEASE FOR SALE

Lease for Sale
169 Upper Street, Islington, London N1 1RG
RENT Year 1 - 2: £87,500 pax & Year 3 - 5: £88,500 pax

LOCATION

The property is located on Upper Street, on its corner with Barnsbury Street, amongst the multitude of amenities to include shops, restaurants and bars of Islington which is one of the highly sought-after areas of London. Local occupiers in the vicinity include Euphorium Bakery, Belle Epoque Patisserie, La Petite Auberge, Udderlicious and Papa John’s. Transport facilities are convenient with both Angel (London Underground Northern Line) and Highbury & Islington (London Underground Victoria Line, London Overground and National Rail) Stations being within walking distance. Numerous bus routes also serve the area.

DESCRIPTION

The premises comprise a prominent corner A5 (takeaway) unit arranged over ground floor & basement.

AREAS (ALL DIMENSIONS ARE APPROXIMATE)

Ground Floor – Sales  1,561 Sq. Ft (145 Sq. M)

Basement – Ancillary 431 Sq. Ft (40 Sq. M)

TOTAL – 1,992 Sq Ft (185 Sq. M) 

LEASE

Assignment of a Full Repairing and Insuring Lease granted in January 2018 for a term of 15 years subject to 5 yearly rent reviews. The Lease is inside the Landlord & Tenant Act 1954.

RENT

Year 1 – 2: £87,500 pax

Year 3 – 5: £88,500 pax

RATES

We have been advised that the current business rates payable are £35,000 per annum. However, interested parties are advised to make their own enquiries to the Local Authority.

OPENING HOURS

11.00 to 00.00 (7 days a week)

PREMIUM

£250,000 for the benefit of the Lease.

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.

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: February 2018.
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Address

169 Upper Street, Islington, London N1 1RG
United Kingdom
Islington
N1 1RG

Additional Details

RENT Year 1 - 2: £87,500 pax & Year 3 - 5: £88,500 pax
1,992
185
£250,000 for the benefit of the Lease.
Freehold/ Long Leasehold

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