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.