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Lot 21 Available £440,000

435 & 437 Hornsey Road, Upper Holloway, London N19 4DX

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Lot 21   Click here for addendum

6 Week Completion

Situation

Located close to the junction with Marlborough Road within this established local parade serving the surrounding residential area and within close proximity to Crouch End and Finsbury Park.

Property

Forming part of a mid-terraced building comprising a Ground Floor Double Café & Restaurant with Basement (under No. 437).

Accommodation

Ground Floor Double Café & Restaurant
(Approx. 90 covers)
Gross Frontage 31'10"
Internal Width 30'11" (max)
Restaurant & Built Depth 54'9"
Area Approx. 1,520 sq ft
Ladies & Gents WCs
Basement
Area Approx. 320 sq ft

Total Area Approx. 1,840 sq ft

VAT is applicable to this Lot

Tenure

Leasehold to be for a term of 250 years from completion at a peppercorn.

Tenancy

The property is let on a full repairing and insuring lease to A. Pala as a Café & Restaurant for a term of 20 years from 24th October 2018 (see Note) at a current rent of £24,000 per annum exclusive.

Rent Reviews 2022 and 4 yearly.

Note: The property has been used as a restaurant for approx. 20 years.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Joshua Platt

Joshua Platt
020 8492 9449
jplatt@barnettross.co.uk

*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.