Let to Sugar Land Enterprises Limited t/a Subway until 2029
Busy and Popular North London Suburb
3 miles north of the City London
Prominently Located Close to the Junction of Seven Sisters Road and Holloway Road (A1)
Nearby Occupiers Include Morrisons, William Hill, Lidl, Iceland & McDonald's
Lot 11
Auction 17th February 2022
Rent £30,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Restaurant
Auction Venue Live Streamed Auction
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 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). Nearby occupiers include Morrisons, William Hill, Lidl, 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 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). Nearby occupiers include Morrisons, William Hill, Lidl, Iceland & McDonald's.
Tenure
Freehold.
Description
The property comprises a ground floor restaurant and 3 residential flats on the upper floors, The flats have been let on a single long lease.
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 D.
Description
The property comprises a ground floor restaurant and 3 residential flats on the upper floors, The flats have been let on a single long lease.
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 D.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/ (Reversion)
Ground
Restaurant
69.07 sq m
(743 sq ft)
SUGAR LAND ENTERPRISES LIMITED t/a Subway
25 years from 22/03/2004
£30,000
(22/03/2029)
First Second Third
Residential
Not Measured
ALDFORD LLP
999 years from 26/06/2007
Peppercorn
(25/06/3006)
Total Approximate Commercial Floor Area
69.07 sq m
(743 sq ft) (1)
£30,000
(1) 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.
