lease for sale AWS
LEASE FOR SALE RETAIL PREMISES SET OVER GROUND AND BASEMENT FLOORS CLOSE TO UPPER STREET 41 CROSS STREET, ISLINGTON, LONDON, N1 2BB 506 SQ. FT (47.0 SQ. M)
LOCATION Islington is an established restaurant and retail location and there are leisure facilities nearby including The Business Design Centre, Screen on the Green and several theatres. The property is situated on the south side of Cross Street, at its junction with Dagmar Terrace. Cross Street is a major thoroughfare connecting Islington's principal shopping area, Upper Street, with Essex Road.
PREMIUM There will be a premium of £20,000 for the benefit of the lease, fixtures and fittings.
Angel underground station (Northern line) and Highbury & Islington (British Rail & Victoria Line) are approximately ½ a mile to the north and south respectively.
SERVICE CHARGE To be advised.
DESCRIPTION The property comprises the ground and lower ground floor of a 4 storey semi-detached property currently trading as a coffee shop. The shop is open plan on the ground floor providing preparation area at the rear with seating for approx. 11 covers and benefits from solid wood floor, single glazed full shopfront and stainless steel kitchen fittings. The basement provides storage space, seating area and WC and has painted concrete floor and wall lights. The premises are in good decorative order and there is a dedicated, decked forecourt with further seating for 9 covers. ACCOMMODATION We understand that the net internal area is as follows: Ground Floor Lower Ground Floor TOTAL AREA
271 Sq. Ft 235 Sq. Ft 506 Sq. Ft
25.17 Sq. M 21.83 Sq. M 47.00 Sq. M
LEASE TERMS This is an assignment of a full repairing and insuring lease for a term of 10 years from June 2014. There is a rent review at the end of the 5th year.
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £18,250. All interested parties are advised to confirm the current rates payable with the local authority.
EPC Energy Performance Asset Rating – D LEGAL COSTS Both parties' legal costs to be borne by the ingoing tenant. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd. Beverley Hedge DDI – 020 7704 7514 Email – [email protected] Jon Morell DDI – 020 7704 3765 Email – [email protected] Chris Owen DDI – 020 7704 3760 Email – [email protected] Ref: COM160116 For more information on our properties please visit our website – www.currell.com/commercial
RENTAL The passing rental is £24,000 per annum exclusive of business rates, service charge and VAT, if applicable. 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 Islington is an established restaurant and retail location and there are leisure facilities nearby including The Business Design Centre, Screen on the Green and several theatres. The property is situated on the south side of Cross Street, at its junction with Dagmar Terrace. Cross Street is a major thoroughfare connecting Islington's principal shopping area, Upper Street, with Essex Road.
PREMIUM There will be a premium of £20,000 for the benefit of the lease, fixtures and fittings.
Angel underground station (Northern line) and Highbury & Islington (British Rail & Victoria Line) are approximately ½ a mile to the north and south respectively.
SERVICE CHARGE To be advised.
DESCRIPTION The property comprises the ground and lower ground floor of a 4 storey semi-detached property currently trading as a coffee shop. The shop is open plan on the ground floor providing preparation area at the rear with seating for approx. 11 covers and benefits from solid wood floor, single glazed full shopfront and stainless steel kitchen fittings. The basement provides storage space, seating area and WC and has painted concrete floor and wall lights. The premises are in good decorative order and there is a dedicated, decked forecourt with further seating for 9 covers. ACCOMMODATION We understand that the net internal area is as follows: Ground Floor Lower Ground Floor TOTAL AREA
271 Sq. Ft 235 Sq. Ft 506 Sq. Ft
25.17 Sq. M 21.83 Sq. M 47.00 Sq. M
LEASE TERMS This is an assignment of a full repairing and insuring lease for a term of 10 years from June 2014. There is a rent review at the end of the 5th year.
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £18,250. All interested parties are advised to confirm the current rates payable with the local authority.
EPC Energy Performance Asset Rating – D LEGAL COSTS Both parties' legal costs to be borne by the ingoing tenant. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd. Beverley Hedge DDI – 020 7704 7514 Email – [email protected] Jon Morell DDI – 020 7704 3765 Email – [email protected] Chris Owen DDI – 020 7704 3760 Email – [email protected] Ref: COM160116 For more information on our properties please visit our website – www.currell.com/commercial
RENTAL The passing rental is £24,000 per annum exclusive of business rates, service charge and VAT, if applicable. 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
