Lot 35
    Restaurant
    9 Campdale Road
    Islington, London, N7 0EA
    Please refer to auctioneer for more information
     
    Number 1
    A Restaurant/Cafe Investment Producing £21,945 Per Annum. Potential for Development (Subject to Obtaining all Relevant Consents)

    Description

    The property comprises a restaurant/cafe (A3/E class use) with full commercial kitchen and restaurant across both basement and ground floor levels measuring over 880 square foot. The property is situated within a mid terrace building arranged over lower ground and three upper floors. Lease allows for change of use to residential under permitted development Class MA.

    Tenure

    Virtual Freehold. The property is held on a 999 year lease from 2nd February 2020.

    Location

    The property forms part of a busy parade close to its junction with Tufnell Park Road. Nearby multiples includes Budgens and the Post Office. Transport links are provided by Tufnell Park underground station (Northern line) and Upper Holloway rail station.

    Accommodation

    Ground Floor
    Restaurant/Bar (30 covers)

    Basement
    Commercial Kitchen
    WC

    Total GIA 82 sq m (884 sq ft)

    Tenancy

    The property is let on an FRI lease for a term of 12 years commencing 22nd June 2015 at a rent of £21,945 per annum. Upward only rent reviews 2021 and 2024.

    Current Rent Reserved

    Current Rent Reserved £21,945 per annum

    VAT

    VAT is not applicable
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