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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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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

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

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

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