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Lot 4

ON BEHALF OF TRUSTEES
6 Week completion

SITUATION

Occupying a prominent corner position at the junction with Twisden Road, amongst a variety of boutique and independent retailers as well as branches of Village Vet and Benham & Reeves, all serving this affluent residential suburb.
Located only a few minutes walk from Parliament Hill Fields and within easy reach of both Tufnell Park Underground Station (Northern Line) and Kentish Town with its multiple shopping and transport facilities, whilst being only 3 miles from the West End.

PROPERTY

Forming part of an end of terrace building comprising a Ground Floor Fish Restaurant (having 40 covers). In addition, the property benefits from separate side access on Twisden Road for deliveries to the rear of the building.

ACCOMMODATION

Ground Floor Fish Restaurant
Gross Frontage 30'0" (including return)
Internal Width 17'0"
narrowing at rear to 15'6"
Shop Depth 59'3"
Plus Rear Kitchen and WC

VAT is NOT applicable to this Lot

TENURE

Leasehold for a term of 99 years from 25th March 1985 (thus having 66¼ years unexpired) at a ground rent of £100 p.a. rising by £100 every 33 years.

TENANCY

The property is let on a full repairing and insuring lease (excluded from sections 24-28 of the L&T Act 1954) to Lure Foods LLP trading as Lure Fish Kitchen for a term from 31st July 2013 to 24th December 2032 at a rent of £24,000 per annum exclusive (from 25th December 2017).

Rent Review 2022 with minimum uplift to £29,000 p.a.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

56 Chetwynd Road, Kentish Town, London NW5 1DJ