6 Topsfield Parade13 Crouch End London N8 8PR

6 Topsfield Parade13
Crouch End
London
N8 8PR

Freehold Retail and Residential Investment

Entirely let to tenant trading as Khoai Cafe
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
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Entirely let to tenant trading as Khoai Cafe
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

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

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band E

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Reviews
Ground First Second Third	Restaurant/Ancillary Residential - 5 rooms (4 bedrooms, 2 kitchens, 2 wc's/shower rooms)	66.58 49.12 41.28 29.13	(716) (529) (444) (314)	H. N. PHAM & K. V. HUYNH (t/a Khoai Cafe) (1)	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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.