Ground floor A3/A5 Restaurant/Takeaway lease to be assigned. Prominently positioned along Stroud Green Road a few minutes walk from Finsbury Park.
The property is located on the West side of this busy thoroughfare close to the junction with Tollington Park in the heart of this densely populated commercial & residential catchment area. Nearby businesses offer a mix of local independent retailers and national operators including Nando's & Tesco. The area is well served by public transport with Finsbury Park Mainline and Underground Station (Piccadilly & Victoria line) nearby and numerous bus routes serving the immediate area.
The property is is laid out over the entire ground floor of this period terraced building. Behind the glass frontage is the grill with extraction over and main service area with seating for 12 to the side. The floor is tiled throughout with a further prep area at the back along with a cold room, staff WC and rear access.
Gross internal floor area 898 sq ft / 83.4 sq m approx
The premises benefit from a late licence and alcohol licence.
By way of assignment of a full repairing and insuring lease inside of The Landlord & Tenant Act 1954 for a term of 24 years from 2010 with 16 years remaining with 4 yearly rent reviews.
- The current passing rent is £27,500 pax having just being reviewed.
- Goodwill of £125,000 is sought for the benefit of the lease and fixtures & fittings.
We are advised that the current rates payable are £8,200 per annum, but prospective buyers are advised to make their own enquiries with the Local Authority.
Both parties’ legal costs are to be paid by the ingoing tenant.
We are advised that there is parking to the rear of the property.
Strictly via appointment with the assignors sole agent, Drivers & Norris.