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Restaurant / Bar Premises – A3/A4 Use With Residential Upper Parts Lease For Sale
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.
The property comprises a late night bar/nightclub on ground floor & basement with residential upper parts.
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)
There are 4 x Studio Flats above, producing £42,000 per annum income.
The property has a full Entertainment & Music Licence:
Monday – Wednesday until 3.30 am
Thursday – Saturday until 4.30 am
Sunday until 2.00 am
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.
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.
£250,000 for the benefit of the Lease and all fixtures & fittings.
Each party to bear their own legal costs.
Attached and sent separately.
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
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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