Auction House London

Lot 35

Restaurant - Commercial Property 

9 Campdale Road

Islington, London, N7 0EA

£325,000+

Guide Price (plus fees)

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

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.

Download Legal PackView Details as PDFView VideoEnquire NowFinance AvailableRegister to Bid
Viewing Schedule (No Booking Required)

Monday 25th October16:45 - 17:15

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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 or email us at info@auctionhouselondon.co.uk

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Enquire about 9 Campdale Road, Islington, London, N7 0EA

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