rare opportunity to acquire a restaurant in prime islington located on ...
RARE OPPORTUNITY TO ACQUIRE A RESTAURANT IN PRIME ISLINGTON LOCATED ON UPPER STREET 2,008 sq. ft. (186.54 sq. m)
330 UPPER STREET ISLINGTON LONDON N1 2XQ
Location The property is situated on the Eastern side of Upper Street close to Islington Green and close to the Business Design Centre. Upper Street is the main commercial thoroughfare in Islington and the property is surrounded by a variety of different users, the majority being a mixture of retail premises, pubs and restaurants. Local occupiers include Screen on the Green (opposite), Fox on the Green pub, Masala Zone, Dirty Martini, Rodicio Rico, Currell Residential, Sainsbury’s and many other assorted retailers, restaurants, banks etc. Angel Underground Station is approximately ¼ of a mile to the south and Highbury & Islington is approximately ¾ of a mile to the north. Regular bus routes service the area. Description The premises consist of a character terraced 4 storey building plus a basement which have been completely refurbished to a high standard. The newly fitted kitchen is in the basement with the extraction venting at the roof level. The ground floor has approximately 60 covers, wood floors, attractive lighting, part fitted bar, and high ceilings. The 1st floor also has a bar and is more for private dining and a dumb waiter runs from the basement to the 1st floor. The 2nd and 3rd floors are currently used for storage, staff welfare and offices and could be let as offices as there is a separate entrance to the upper floors. The rental income achievable could be in the region of £30,000 per annum exclusive. There is also a rear yard area by the side of the kitchen. Accommodation The net internal area of the premises is approximately as follows: Ground Floor Basement 1st Floor 2nd Floor 3rd Floor Total
407 sq. ft. 280 sq. ft. 473 sq. ft. 393 sq. ft. 455 sq. ft.
37.83 sq. m 26.01 sq. m 43.92 sq. m 36.54 sq. m 42.24 sq. m
2008 sq. ft.
186.54 sq. m
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
Lease Term This is an assignment of a renewable fully repairing and insuring lease for a term of 15 years from 20th April 2015 inside the security of the Landlord and Tenant Act 1954 and subject to 5 yearly rent reviews. Rental The passing rental is £78,000 per annum exclusive of business rates, insurance and VAT if applicable. Premium There will be a premium in the region of £260,000 for the benefit of the lease, fixtures and fittings. Service Charge To be confirmed. Business Rates We understand the current rateable value of the property as quoted on the VOA is £54,000. All interested parties are advised to confirm the current rates payable with the local authority. Possession Upon completion of legal formalities. Legal Costs Each party to be responsible for their own costs incurred in this transaction Viewing For all enquiries and viewings please contact agents: Currell Commercial
0207 354 5050
Beverley Hedge [email protected]
Jon Morell [email protected]
Chris Owen [email protected]
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
Our ref: COM160220
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
330 UPPER STREET ISLINGTON LONDON N1 2XQ
Location The property is situated on the Eastern side of Upper Street close to Islington Green and close to the Business Design Centre. Upper Street is the main commercial thoroughfare in Islington and the property is surrounded by a variety of different users, the majority being a mixture of retail premises, pubs and restaurants. Local occupiers include Screen on the Green (opposite), Fox on the Green pub, Masala Zone, Dirty Martini, Rodicio Rico, Currell Residential, Sainsbury’s and many other assorted retailers, restaurants, banks etc. Angel Underground Station is approximately ¼ of a mile to the south and Highbury & Islington is approximately ¾ of a mile to the north. Regular bus routes service the area. Description The premises consist of a character terraced 4 storey building plus a basement which have been completely refurbished to a high standard. The newly fitted kitchen is in the basement with the extraction venting at the roof level. The ground floor has approximately 60 covers, wood floors, attractive lighting, part fitted bar, and high ceilings. The 1st floor also has a bar and is more for private dining and a dumb waiter runs from the basement to the 1st floor. The 2nd and 3rd floors are currently used for storage, staff welfare and offices and could be let as offices as there is a separate entrance to the upper floors. The rental income achievable could be in the region of £30,000 per annum exclusive. There is also a rear yard area by the side of the kitchen. Accommodation The net internal area of the premises is approximately as follows: Ground Floor Basement 1st Floor 2nd Floor 3rd Floor Total
407 sq. ft. 280 sq. ft. 473 sq. ft. 393 sq. ft. 455 sq. ft.
37.83 sq. m 26.01 sq. m 43.92 sq. m 36.54 sq. m 42.24 sq. m
2008 sq. ft.
186.54 sq. m
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
Lease Term This is an assignment of a renewable fully repairing and insuring lease for a term of 15 years from 20th April 2015 inside the security of the Landlord and Tenant Act 1954 and subject to 5 yearly rent reviews. Rental The passing rental is £78,000 per annum exclusive of business rates, insurance and VAT if applicable. Premium There will be a premium in the region of £260,000 for the benefit of the lease, fixtures and fittings. Service Charge To be confirmed. Business Rates We understand the current rateable value of the property as quoted on the VOA is £54,000. All interested parties are advised to confirm the current rates payable with the local authority. Possession Upon completion of legal formalities. Legal Costs Each party to be responsible for their own costs incurred in this transaction Viewing For all enquiries and viewings please contact agents: Currell Commercial
0207 354 5050
Beverley Hedge [email protected]
Jon Morell [email protected]
Chris Owen [email protected]
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
Our ref: COM160220
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
