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
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.
