The Grangeway Winchmore Hill London N21 2HD

The Grangeway Winchmore Hill London N21 2HD

Ground Floor Restaurant /Takeaway – Corner Position

Lease Assignment/New Lease Available

Location:   Situated on busy local parade in heart of Winchmore Hill at junction of the Grangeway and Nestor Avenue, and within walking distance of Grange park rail station, providing easy links to Hertford, Moorgate and Kings Cross.

 Description:   A Ground floor corner shop trading as an Indian takeaway since 1996, currently trading 7  days a week, being approx 667 sqft  plus storage, WC, basement (not inspected) and separate garage to rear. The property generally is in good condition but refurbishment works are  needed.

There is also a basement, accessed from rear yard area, no access at time of inspection. We understand this is in poor condition.

The property is available by way of a lease assignment of existing lease expiring in February 2029.

We understand that the landlords will agree to a new lease, but new lease terms to be agreed.

An early viewing is strongly advised.

Passing Rent:                    £14,500 pax

Lease:                                   Existing FR&I Lease expiring February 2029, approx. 5 years remain.

Business Rates:               Rateable Value for 2024/24 is currently £12,000pa.All interested parties should make their own enquiries either via London Borough of Enfield or via www.voa.gov.uk.

Premium:                          Offers invited in region of £30,000 for fixtures, fittings and goodwill.

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