Reduced Premium - subject to change of use. Lease Assignment!!! A great opportunity to acquire this well located retail premises, 2 minutes walk away from Turnpike Lane Underground Station. The property is arranged over ground floor and benefits from very good footfall and a recent application from change of use from A1 to A3.
Set on High Road, Wood Green itself within close proximity to Turnpike Lane Station (Piccadilly Line) being a 2 minute walk away. Near by occupiers include; Costa Coffee, Tesco Express, Poundland and Subway.
Drivers & Norris are pleased to offer this newly refurbished coffee shop for sale in a high footfall location a stones throw from Turnpike Lane Underground station. The unit is arranged over ground floor levels with a good sized sales area benefiting from good footfall.
Ground Floor: approx. 1050 Sqft / 905 Sqft.
La Marzocco Linea Classic 2 group, Pitcher Rise, 1 buffalo convection oven, 1 large commercial chest Freezer, 2 double glazed serve over fridge, 3 under counter commercial fridge, 1 commercial under counter dishwasher, Stainless steel table, table and chairs, Safe, Hand dryer, all fixtures and fittings (lights, glass counter tops, shelves etc) and 3 phase power.
By way of a lease assignment.
An FRI lease for a term of10 years from 2018 with 9.5 years remaining within The Landlord And Tenant Act
Rent: £65,000 pa
Rent Review: 5th year
Break: 5th year
Deposit: 3 months.
Rent paid quarterly in advance on the usual quarter days.
Premium: £40,000 + agents fees:
We have been advised by the assignor that the rates payable are £28,000 per annum. It would be advised that the assignee makes their own enquires with the local authority.
Each party to bear their own legal cost incurred in this transaction, but the ingoing tenant is to undertake the landlord's legal fees.
We have been advised that the assignor has applied for a change of use from A1 to A3.
Strictly via appointment with the assignors agent, Drivers & Norris.