Includes separately accessed 4 bed maisonette on first, second and third floors accessed from the front
Lease expires March 2042 (subject to option)
Rent Review in 2027 and 5-yearly thereafter
Tenant trading in this location for about 18 years
VAT-free investment
Fashionable and Affluent North London suburb
Nearby occupiers include Waitrose, M&S Simply Food, Tesco Express, Gail's Bakery, Boots the Chemist, Costa and a number of independent restaurants and cafés
Includes separately accessed 4 bed maisonette on first, second and third floors accessed from the front
Lease expires March 2042 (subject to option)
Rent Review in 2027 and 5-yearly thereafter
Tenant trading in this location for about 18 years
VAT-free investment
Fashionable and Affluent North London suburb
Nearby occupiers include Waitrose, M&S Simply Food, Tesco Express, Gail's Bakery, Boots the Chemist, Costa and a number of independent restaurants and cafés
Lot 2
Auction 27th March 2024
Rent £47,000 per Annum Exclusive
Status Sold
Price £860,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile south-west of Muswell Hill, 1.5 miles west of Highgate, 5 miles north of Central London
Roads
A1, A103, A109, A1201, A503
Rail
Highgate (Northern Line), Crouch Hill Rail (Overground), Hornsey Train Station
Air
London City Airport
Situation
Crouch End is an affluent and fasionable North London suburb approximately 5 miles north of Central London. The property is situated on the south side of Topsfield Parade, at its junction with the busy Park Road (A1201). Nearby occupiers include Waitrose, M&S Simply Food, Tesco Express, Gail's Bakery, Boots the Chemist, Costa and a number of independent restaurants and cafés.
Tenure
Freehold.
Location
Miles
1 mile south-west of Muswell Hill, 1.5 miles west of Highgate, 5 miles north of Central London
Roads
A1, A103, A109, A1201, A503
Rail
Highgate (Northern Line), Crouch Hill Rail (Overground), Hornsey Train Station
Air
London City Airport
Situation
Crouch End is an affluent and fasionable North London suburb approximately 5 miles north of Central London. The property is situated on the south side of Topsfield Parade, at its junction with the busy Park Road (A1201). Nearby occupiers include Waitrose, M&S Simply Food, Tesco Express, Gail's Bakery, Boots the Chemist, Costa and a number of independent restaurants and cafés.
Tenure
Freehold.
Description
The property comprises a vietnamese restaurant arranged on the ground floor with a separately accessed 4 bed maisonette (5 rooms, 2 kitchens, 2 wc's/shower rooms) arranged on the first, second and third floors accessed from the front.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Description
The property comprises a vietnamese restaurant arranged on the ground floor with a separately accessed 4 bed maisonette (5 rooms, 2 kitchens, 2 wc's/shower rooms) arranged on the first, second and third floors accessed from the front.
20 years from 11/03/2022 (2) on a full repairing and insuring lease
£47,000
11/03/2027 and five yearly thereafter
Total
186.11
(2,003)
£47,000
(1) Khoai Cafe is an authentic, family-run Vietnamese Restaurant that has been trading since 2006 (www.facebook.com/khoaicafe22). (2) The lease is subject to a tenant option to determine on 11/03/2032.
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.
