High Road East Finchley London N2 9PN

Restaurant & Upper Parts – Lease Assignment

Location:   Situated on High Road East Finchley close to junction with Fortis Green, and within    easy walking distance of Phoenix Cinema and East Finchley Underground Station (Northern Line).

Description:   A Ground floor restaurant/takeaway premises with residential upper parts.

Shop: Comprising restaurant/takeaway approx 757 sqft plus ancillary storage, office and garage to rear. The property is currently trading as a Pizza restaurant and takeaway.  Trading figures available upon request.

Upper parts: Accessed from rear, a 2/3 bedroom maisonette (not inspected), currently tenants are holding over on a AST agreement at a rental of £1,750pcm (£21,000pa).

Available by way of lease assignment, of existing lease being 20 years from 2017, approx. 13 years remain, with next rent review due in 2027.

An early viewing is strongly advised.

Rent:                                       £35,000 pax

 Lease:                                    Lease assignment,  existing lease 20 years from 2017, approx. 13 years remain, with next rent review due in 2027.

Business Rates:                  Rateable Value for retail shop 2024/25 is currently £20,750pa.

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

Premium:                         Offers invited for fixtures, fittings and goodwill.

EPC:                                    Commercial C rating (74) valid until31/1/29

                                             Upper parts E (45) valid until 7/11/27

Legal Costs:                Each party to be responsible for their own legal costs.  In going tenant to be responsible for lease assignment 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