Newly refurbished supermarket located directly opposite Finsbury Park Station.
The property is located along the busy A503 directly opposite the major travel hub that is Finsbury Park Station. The station is service by National Rail and Victoria & Piccadilly Underground lines. As well as being a main stop off for countless bus routes. The station clocked over 31.22 million entry and exits in 2017.
Aside from being the starting point of the local High Street the location benefits from numerous visitors to Finsbury Park which holds many events and festivals. In addition, station is one of the main access points for visitors to Emirates Stadium resulting in excellent trade during match days.
The area is undergoing a 220 million redevelopment as part of City North Scheme which will bring many more new homes & customers to the area.
Newly refurbished Supermarket - with new Glass shop frontage.
Premium is being sought for location and the lease for £30,000 o.n.o
Gross internal area 112 sq m / 1205 sq ft
Assignment of lease:
Term - Full Repairing and Insuring lease for a term of 10 years. Inside the Landlord and Tenant Act 1954 granted on 19th November 2020
Rent - Year 1 - £40,000 Year 2 - £42,000 Year 3 - £43,000 Year 4 - £44,000 Year 5 - £45,000
Break Clause - Tenant-only on the 5th year anniversary, with 6 months’ prior written notice.
Rent Review - 5 yearly upward only linked to open market.
Rent Deposit - 6 months based on a rent of £40,000 pa, to be held for the duration of the term.
Parties are advised to make their own enquiries with the local authority.
Under the Finance Acts 1989 and 1997 VAT may be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
Ingoing party to bear all legal costs
Strictly by appointment only through Drivers and Norris