4 Seven Sisters Road Holloway London N7 6AH

4 Seven Sisters Road
Holloway
London
N7 6AH

  • 4 Seven Sisters Road<br>Holloway<br>London<br>N7 6AH
  • Entirely Let to A & N Corporation Limited t/a Mooboo until 2026 with Tenant Option to Extend until 2031
  • Producing £35,000 pax Rising to £37,000 pax in 2023, £38,000 pax in 2024, £40,000 pax in 2025
  • Busy and Popular North London Suburb
  • Prominently Located Close to the Junction of Seven Sisters Road and Holloway Road (A1)
  • Residential Conversion potential (Subject to Consents)
  • Rolling Landlord Option to Determine the lease.
  • Lease Outside Security of Tenure provisions of Landlord & Tenant Act 1954
  • Nearby Occupiers Include Morrisons, William Hill, Lidl, Iceland & McDonald's
  • Lot
    6
  • Auction
    17/Feb/2022
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
  • Freehold Retail London Investment
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
3 miles north of The City of London
Roads
A1 (Holloway Road)
Rail
Holloway Road Underground Station (Piccadilly Line)
Air
London City Airport, London Heathrow Airport
Situation

Seven Sisters Road (A 503) is a busy main arterial route through North London that runs between the A1 (Holloway Road) and A10 (Stamford Hill). The property is situated on the south side of Seven Sisters Road, close to the Junction of Holloway Road (A1). Neighbouring occupiers include Morrisons, Holland & Barrett, Iceland & McDonald's.

Tenure

Freehold.

Location
Miles
3 miles north of The City of London
Roads
A1 (Holloway Road)
Rail
Holloway Road Underground Station (Piccadilly Line)
Air
London City Airport, London Heathrow Airport
Situation

Seven Sisters Road (A 503) is a busy main arterial route through North London that runs between the A1 (Holloway Road) and A10 (Stamford Hill). The property is situated on the south side of Seven Sisters Road, close to the Junction of Holloway Road (A1). Neighbouring occupiers include Morrisons, Holland & Barrett, Iceland & McDonald's.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation and first and second floor ancillary accommodation. The property is currently let out as a bubble tea cafe.

The property may benefit from residential conversion of the upper parts, subject to obtaining consents.

VAT

VAT is applicable to this lot.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

EPC

Band C.

Description

The property comprises ground floor retail accommodation and first and second floor ancillary accommodation. The property is currently let out as a bubble tea cafe.

The property may benefit from residential conversion of the upper parts, subject to obtaining consents.

VAT

VAT is applicable to this lot.

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

EPC

Band C.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
Ground
First
Second
Restaurant
Ancillary
Ancillary
44.69 sq m
14.40 sq m
17.10 sq m
(481 sq ft)
(155 sq ft)
(184 sq ft)
A & N CORPORATION LIMITED
t/a Mooboo
5 years from
03/08/2021
with tenant option
to extend until 2031 (1)
£35,000
Rising to £40,000
in 2025 (1)
03/08/2023
03/08/2024
03/08/2025 (1)
(03/08/2026)
Total Approximate
Floor Area
 
76.19 sq m
(820 sq ft) (2)
   
£35,000
Rising to £40,000
in 2025 (1)
 

(1) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954 and for a rolling option for the Landlord to determine the lease at anytime on serving 6 months written notice. The lease provides for fixed rental increases rising to £37,000 per annum exclusive on 03/08/2023, £38,000 per annum exclusive on 03/08/2024 and £40,000 per annum exclusive on 03/08/2025.
(2) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)


If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Gunnercooke LLP 1 Cornhill
London
EC3V 3ND
Sam Rosenthal 07941613379sam.rosenthal@gunnercooke.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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