reduced premium lease for sale
REDUCED PREMIUM LEASE FOR SALE A3 RESTAURANT PREMISES SITUATED ON THE GROUND & LOWER GROUND FLOORS 74 GREEN LANES, LONDON, N16 9EJ 1,192 SQ. FT (111 SQ. M)
LOCATION The unit is situated on a prominent pitch in the heart of the Green Lanes retail parade close to Newington Green. The unit is a 10-minute walk from Canonbury station and a 16minute walk from Dalston Kingsland. This vibrant high street is home to many local and national operators. DESCRIPTION The unit comprises of ground floor restaurant space with the kitchen on the lower ground floor. The unit benefits from enough space for 35+ covers and the kitchen is prefitted with extraction and cooking facilities. The current tenant has a verbal agreement to use the yard to the rear which allows for further covers, however, this is not guaranteed as it is not within the demise of the lease. The unit benefits from 3 phase electricity, gas and water connections. ACCOMMODATION We understand that the net internal area is as follows: FLOOR
SQ. FT
SQ. M
Ground Floor
628
58.00
Basement
564
52.00
TOTAL
1,192
111.00
360 VIEW Garden – http://on.bubb.li/463525aawv22blnidyp7xty/ TERMS The property is available via assignment of the current 16year Full Repairing and Insuring Lease from September 2013. The current passing rent is considered to be low at £15,600 per annum exclusive with 4 yearly rent reviews.
EPC Energy Performance Asset Rating – C BUSINESS RATES We understand the current rateable value of the space as quoted on the VOA is £13,750. All interested parties are advised to confirm the current rates payable with the Local Authority. SERVICE CHARGE To be confirmed. VIEWING Strictly by appointment with joint agents: Currell Commercial Ltd – 020 7354 5050 Jon Morell – 020 7096 2785 [email protected] Will Beresford – 020 7096 2780 [email protected] Beverley Hedge – 020 7704 7514 [email protected] Goodsir Commercial Ltd – 020 7566 6455 Mark Pearse [email protected] Fergus Emmerson [email protected] Ref: COM170041
A new FRI lease is available under separate negotiation. The landlord has stated no alcohol to be on the premises. RENTAL The current passing rental is £15,600 per annum exclusive of business rates, service charge and VAT, if applicable. PREMIUM £25,000 for the fixtures, fittings and goodwill. AVAILABILITY The unit is available for immediate occupation For more information on our properties please visit our website – www.currell.com/commercial Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
LOCATION The unit is situated on a prominent pitch in the heart of the Green Lanes retail parade close to Newington Green. The unit is a 10-minute walk from Canonbury station and a 16minute walk from Dalston Kingsland. This vibrant high street is home to many local and national operators. DESCRIPTION The unit comprises of ground floor restaurant space with the kitchen on the lower ground floor. The unit benefits from enough space for 35+ covers and the kitchen is prefitted with extraction and cooking facilities. The current tenant has a verbal agreement to use the yard to the rear which allows for further covers, however, this is not guaranteed as it is not within the demise of the lease. The unit benefits from 3 phase electricity, gas and water connections. ACCOMMODATION We understand that the net internal area is as follows: FLOOR
SQ. FT
SQ. M
Ground Floor
628
58.00
Basement
564
52.00
TOTAL
1,192
111.00
360 VIEW Garden – http://on.bubb.li/463525aawv22blnidyp7xty/ TERMS The property is available via assignment of the current 16year Full Repairing and Insuring Lease from September 2013. The current passing rent is considered to be low at £15,600 per annum exclusive with 4 yearly rent reviews.
EPC Energy Performance Asset Rating – C BUSINESS RATES We understand the current rateable value of the space as quoted on the VOA is £13,750. All interested parties are advised to confirm the current rates payable with the Local Authority. SERVICE CHARGE To be confirmed. VIEWING Strictly by appointment with joint agents: Currell Commercial Ltd – 020 7354 5050 Jon Morell – 020 7096 2785 [email protected] Will Beresford – 020 7096 2780 [email protected] Beverley Hedge – 020 7704 7514 [email protected] Goodsir Commercial Ltd – 020 7566 6455 Mark Pearse [email protected] Fergus Emmerson [email protected] Ref: COM170041
A new FRI lease is available under separate negotiation. The landlord has stated no alcohol to be on the premises. RENTAL The current passing rental is £15,600 per annum exclusive of business rates, service charge and VAT, if applicable. PREMIUM £25,000 for the fixtures, fittings and goodwill. AVAILABILITY The unit is available for immediate occupation For more information on our properties please visit our website – www.currell.com/commercial Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
