38 Seven Sisters Road Holloway London N7 6AA

38 Seven Sisters Road
Holloway
London
N7 6AA

Freehold Restaurant and Residential Investment

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Withdrawn Prior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
Auction Venue
Live Streamed Auction

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Freehold Restaurant and Residential Investment

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Status Withdrawn Prior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

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

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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.