489 Liverpool Road
Highbury & Islington
London
N7 8NS

Central London Restaurant Investment

  • Affluent North London suburb (Zone 2)
  • VAT free investment
  • 800 metres from Arsenal FC (Emirates Stadium)
  • Nearby occupiers include McDonald's, Barclays, Little Waitrose, Tesco Metro and Majestic Wine
  • Lot
    42
  • Auction
    24/Oct/2019
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £400,000
  • Sector
    Restaurant
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 489 Liverpool Road<br>Highbury & Islington<br>London<br>N7 8NS
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* More information on the term "price" can be found here

Property Information

Location
Miles
2.5 miles north of the City of London
4.5 miles west of Stratford
Roads
B515, A1, A10, A503, A501
Rail
Highbury & Islington Railway Station, Holloway Road Underground, Caledonian Road Underground, Drayton Park Railway Station
Air
Heathrow Airport, London City Airport
Situation

Highbury & Islington is an affluent North London suburb. The property is located on the corner of Sheringham Road and Liverpool Road, 800 metres from Arsenal FC (Emirates Stadium), 500 metres north of Highbury Corner and Upper Street and benefits from close proximity to four railway/Underground stations.

Tenure

Long Leasehold. Held for a term of 125 years from 2001 until 2126 at a ground rent of £300 per annum.

Description

The property comprises ground floor restaurant accommodation with ancillary accommodation in the basement.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
Retail
Ancillary
58.3 sq m
69.1 sq m
(628 sq ft)
(743 sq ft)
PASTAMANIA UK
LIMITED
Approximately 5
years from
22/8/2017
£32,000 (1)23/02/2023
Totals
127.4 sq m
(1,371 sq ft)
  £32,000 

(1) The tenant pays the rent monthly and has no arrears.

Property Documents

  • Site Plan
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
Mina Kakkad 0208 872 3071mina.kakkad@haroldbenjamin.com

Useful Links

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