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.
