887/887B Finchley Road Golders Green London NW11 8RT

  • 887/887B Finchley Road<br>Golders Green<br>London<br>NW11 8RT

887/887B Finchley Road
Golders Green
London
NW11 8RT

Freehold Restaurant and Residential Investment

  • Entirely let to Guemsujeo Limited (t/a Sarang Restaurant)
  • Lease expires March 2030 (No breaks)
  • Tenant in occupation since 2002
  • Includes large maisonette on upper parts (arranged as House in Multiple Occupation)
  • Approximately 50 metres from Golders Green Underground, Bus and Coach Station
  • Affluent North West London suburb
  • Nearby occupiers include Sainsbury’s, Boots the Chemist, Costa and Barclays Bank
  • Lot
    31
  • Auction
    19th October 2017
  • Rent
    £48,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,240,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Restaurant and Residential Investment

  • Entirely let to Guemsujeo Limited (t/a Sarang Restaurant)
  • Lease expires March 2030 (No breaks)
  • Tenant in occupation since 2002
  • Includes large maisonette on upper parts (arranged as House in Multiple Occupation)
  • Approximately 50 metres from Golders Green Underground, Bus and Coach Station
  • Affluent North West London suburb
  • Nearby occupiers include Sainsbury’s, Boots the Chemist, Costa and Barclays Bank
  • Lot 31
  • Auction 19th October 2017
  • Rent £48,000 per Annum Exclusive
  • Status Sold
  • Price £1,240,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
2 miles north of Hampstead
5 miles north-west of Central London
Roads
A1, A41, A406 (North Circular Road),
M1 (Junction 1)
Rail
Golders Green Underground Station (Northern Line)
Air
London Heathrow Airport
London Luton Airport
Situation

Golders Green is an affluent North West London suburb some 5 miles north-west of London's West End. The location benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is situated in a prominent position on the west side of the busy Finchley Road, at its junction with Golders Green Road and North End Road (A502). Nearby occupiers include Sainsbury's, Boots the Chemist, Costa, Starbucks and Barclays, HSBC and Santander banks. Golders Green Underground, Bus and Coach Station is situated only 50 metres away.

Tenure

Freehold.

Location
Miles
2 miles north of Hampstead
5 miles north-west of Central London
Roads
A1, A41, A406 (North Circular Road),
M1 (Junction 1)
Rail
Golders Green Underground Station (Northern Line)
Air
London Heathrow Airport
London Luton Airport
Situation

Golders Green is an affluent North West London suburb some 5 miles north-west of London's West End. The location benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is situated in a prominent position on the west side of the busy Finchley Road, at its junction with Golders Green Road and North End Road (A502). Nearby occupiers include Sainsbury's, Boots the Chemist, Costa, Starbucks and Barclays, HSBC and Santander banks. Golders Green Underground, Bus and Coach Station is situated only 50 metres away.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant with ancillary accommodation in the basement. The first, second and third floors comprise a large self-contained four bedroom maisonette arranged as an HMO.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant with ancillary accommodation in the basement. The first, second and third floors comprise a large self-contained four bedroom maisonette arranged as an HMO.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Basement
First/Second/
Third		 Restaurant
Ancillary
Residential – Four
bedroom maisonette
98.74 sq m
10.90 sq m
-
(1,063 sq ft)
(117 sq ft)
(-)
 GUEMSUJEO
LIMITED
t/a Sarang
Restaurant (1)		 15 years from
25/03/2015 on a
full repairing and
insuring lease		 £48,000 25/03/2020
and 5 yearly
thereafter
(24/03/2030)
Total Commercial Area
109.62 sq m
(1,180 sq ft)
     £48,000  

(1) Sarang is a popular Korean restaurant who have been in occupation since 2002. The Vendor holds a rent deposit of £18,096.64.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Lewis & Partners 15-19 Cavendish Place
London
W1G OQE
Stephen Raingold 020 7580 4333stephenraingold@lewisandpartners.com
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row
London
W1K 7DA
Caroline Ko 020 3696 7585cko@brecher.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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