A Substantial Mid Terrace Building Arranged to Provide a Double Fronted Ground Floor Restaurant and 2 x First Floor Studio Flats Fully Let Producing £68,000 Per Annum

The property comprises a substantial mid terrace building arranged to provide a ground floor restaurant and 2 x first floor studio flats.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wray Crescent Open Space are within easy reach. The Emirates Stadium is also nearby. Transport links are provided by Archway underground station (Northern line) and Upper Holloway overground station.

Accommodation

Ground Floor Restaurant Area First Floor 2 x Studio Flats

Tenancy

The ground floor restaurant is subject to an FRI lease for a term of 20 years commencing 24th October 2018 at a rent of £38,000 Per Annum. The studio flat 439A is subject to an Assured Shorthold Tenancy for a term of 36 months commencing 24th December 2022 at a rent of £1,050 per calendar month. The studio flat 439B is subject to an Assured Shorthold Tenancy at a rent of £1,450 per calendar month. The receivers have not been provided any evidence as such and no rent has been collected. Please refer to the legal pack for further information.

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.