324 Essex Road London N1 3PB

324 Essex Road
London
N1 3PB

Freehold Restaurant and Residential Investment

  • Let until 2024
  • Fashionable North London suburb
  • 2 miles north of City of London
  • Nearby occupiers include Tesco, Sainsbury’s and William Hill
  • Active management potential
  • Half a mile from fashionable Upper Street
  • First time on the market for approximately 40 years
  • Lot
    29
  • Auction
    29th March 2012
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Restaurant and Residential Investment

  • Let until 2024
  • Fashionable North London suburb
  • 2 miles north of City of London
  • Nearby occupiers include Tesco, Sainsbury’s and William Hill
  • Active management potential
  • Half a mile from fashionable Upper Street
  • First time on the market for approximately 40 years
  • Lot 29
  • Auction 29th March 2012
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Restaurant
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
2 miles north of City of London, 1/2 a mile from Upper Street
Roads
A1, A10, A104
Rail
Highbury & Islington (Overground and Victoria Line Tube), Essex Road Rail
Air
London City Airport, London Heathrow Airport, London Stansted Airport
Situation

The property occupies a prominent position on the east side of Essex Road (A104). The area is a desirable and affluent residential location that has been subject to substantial recent residential developments, fashionable Upper Street is approximately 0.5 miles to the west. Nearby occupiers include Tesco Express, Sainsbury’s and William Hill.

Tenure

Freehold.

Location
Miles
2 miles north of City of London, 1/2 a mile from Upper Street
Roads
A1, A10, A104
Rail
Highbury & Islington (Overground and Victoria Line Tube), Essex Road Rail
Air
London City Airport, London Heathrow Airport, London Stansted Airport
Situation

The property occupies a prominent position on the east side of Essex Road (A104). The area is a desirable and affluent residential location that has been subject to substantial recent residential developments, fashionable Upper Street is approximately 0.5 miles to the west. Nearby occupiers include Tesco Express, Sainsbury’s and William Hill.

Tenure

Freehold.

Description

The property comprises restaurant accommodation on the ground floor with ancillary accommodation in the basement and residential accommodation on the first and second floors. The property also benefits from a large rear garden which is not included with the demise of the occupational lease and could be suitable for car parking (subject to consents and access rights).

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises restaurant accommodation on the ground floor with ancillary accommodation in the basement and residential accommodation on the first and second floors. The property also benefits from a large rear garden which is not included with the demise of the occupational lease and could be suitable for car parking (subject to consents and access rights).

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit/Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Basement
First/Second
Retail
Ancillary
Residential
70.48 sq m
52.79 sq m
Not measured
(759 sq ft)
(568 sq ft)
Not measured
NAJI KAABI
POUZEH (1)
15 years from
29/09/2009 until 2024
on a full repairing and
insuring lease
£32,000 2014
Garden

NOT DEMISED
   
Totals  
123.27 sq m
(1,327 sq ft)
    £32,000  

(1) The tenant has made an application to assign the lease to the operator of the unit.

Property Documents

  • Site Map
    Updated Date
    23.09.15
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    24 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    200 KB
    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
Martin SzamfeberMartin Szamfeber +44 (0)20 7034 4858 martin.szamfeber@acuitus.co.uk
Seller's Solicitors
O'Callaghan & Co. 18 Bedford Row
London
WC1R 4EQ
Patrick O'Callaghan 0207 831 3455patrick@ocallaghanandco.co.uk

Useful Links

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

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