A Freehold Mixed Use Semi-Detached Building (Both Flats Sold Off on Long Leases) with the Ground Floor Commercial Unit Let on a 20 year FRI Lease (Restaurant). Producing a Combined Income of £23,700 Per Annum.

Description

The property comprises a semi-detached mixed use building arranged over ground and two upper floors arranged as a ground floor restaurant and two flats above. The flats are both sold off on long leases.

Location

The property occupies a prominent position on a popular parade in the North London area of Finsbury Park amongst the shops and amenities of Stroud Green Road. Nearby multiples include Sainsburys and Nandos. Transport links are provided by Finsbury Park overground and rail stations.

Accommodation & Tenancy Schedule

Floor	Accommodation	Tenancy	Current Annual Rent

Ground Floor Shop	Restaurant Area, Bar Area, Kitchen, Separate WC's	20 Year FRI Lease Commencing 16th December 2019 at £5,875 quarterly. With 5 yearly rent reviews.	£23,500
First	Flat A	Sold off on a 999 year lease from 2020	£100
Second	Flat B	Sold off on a 999 year lease from 2020	£100

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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SOLD PRIOR

For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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