599 Green Lanes Hornsey London N8 0RE

599 Green Lanes
Hornsey
London
N8 0RE

Freehold Restaurant and Residential Investment

Includes 2 residential flats
Restaurant let on a 10 year lease until 2023
Popular and busy North London location
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot
22
Auction
11th December 2014
Rent
£44,520 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Restaurant and Residential Investment

Includes 2 residential flats
Restaurant let on a 10 year lease until 2023
Popular and busy North London location
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot 22
Auction 11th December 2014
Rent £44,520 per Annum Exclusive
Status Sold Post
Price
Sector
Leisure
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles north of the City of London
Roads: A1, A105, A406, A503, A10 (Great Cambridge Road)
Rail: Hornsey Railway Station, Turnpike Lane Underground (Piccadilly)
Air: London City Airport, London Heathrow Airport, London Stansted Airport

Situation

The property is situated on the west side of Green Lanes (A105), an important arterial route through north London via Islington and Wood Green. Green Lanes is an important, diverse and cosmopolitan North London retailing street. The property location is equidistant between Alexandra Park and Finsbury Park. Wood Green Shopping City is less than 1 mile to the north.

Tenure

Freehold.

Location

Miles: 5 miles north of the City of London
Roads: A1, A105, A406, A503, A10 (Great Cambridge Road)
Rail: Hornsey Railway Station, Turnpike Lane Underground (Piccadilly)
Air: London City Airport, London Heathrow Airport, London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor restaurant accommodation with a two bedroom self-contained flat on the first floor and a one bedroom self-contained flat on the second floor, both flats accessed from the rear of the property.

Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground	Restaurant	90.3 sq m	(971.99 sq ft)	GQ YUCE & B COBAN (t/a Jam in a Jar)	12 years from 25/03/2013	£18,000	25/03/2017 25/03/2021 (24/03/2025)
First	Residential	2 bedroom flat		INDIVIDUALS	Assured Shorthold Tenants Agreement	£15,000 (1)
Second	Residential	1 bedroom flat		INDIVIDUALS	Assured Shorthold Tenants Agreement	£11,520 (1)
Total Commercial Floor Area		90.3 sq m	(971.99 sq ft)			£44,520