74 Chapel Market Islington London N1

Ground Floor Restaurant Premises & Yard – Lease Assignment

Location:     Situated in heart of Chapel Market within easy reach of Upper Street and Angel Underground Station (Northern Line), close to junction with Baron Street. Nearby retailers include McDonalds, Costa Coffee , M&S, Waitrose and  Yard Sale Pizza as well as many local independents retail shops and restaurants.

Description:    A ground floor restaurant premises established as Manzies’s a Pie and Mash shop since 1807, approx. 1,700 sqft plus ancillary space and rear yard with access onto Baron Street. The property recently underwent refurbishment and modernisation including extraction canopy and extraction flue system.

The property has a listed and protected interior.

Available by way of a lease assignment being 15 years from 2022, approx. 8 years remaining.

The Landlords have indicated that a new FR&I Lease could also be available, terms to be agreed.

An early viewing is strongly advised.

TERMS: 

Rent:                             Passing rent £50,000 pax

Lease:                           Exisiting 15 year lease from 2022, with five year rent reviews.

** Potentiallynew FR& I Lease terms to be agreed.

Premium:                   Offers Invited

Business Rates:          Rateable Value for 2026/27 is currently £39,250 pa

All interested parties should make their own enquiries either via London Borough of Islington or via www.voa.gov.uk.

** For current year zero units due to Heritage discount.

EPC:                           TBA

Legal Costs:               Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing:                     Strictly by appointment only through owners Agents: Grovelands  020 8731 9777 www.grovelands.net