Entirely let to Indian restaurant t/a Namaaste until October 2026
Includes 2 bed flat on second floor
Future potential to separate upper floors from ground floor
Low passing rent - rent unchanged since lease commencement in 2011
Highly prominent location at junction of Highgate High Street in affluent North London suburb
Popular location for pubs and restaurants close to Hampstead Heath
In the same ownership for over 75 years
VAT free investment
Lot 6
Auction 15th May 2025
Rent £54,750 per Annum Exclusive
Status Available
Guide* £950,000+
Sector Restaurant, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north of Hampstead, 2 miles south of Muswell Hill, 4 miles north of Central London
Roads
A1, M1, A406
Rail
Highgate, Archway Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
Highgate is a highly affluent and popular residential North London suburb. The property is prominently situated at the junction of Highgate High Street and South Grove, overlooking Pond Square. The High Street is home to many independent and well known pubs including the Gatehouse, The Red Lion & Sun, Prince of Wales, The Angel as well as several boutique shops and restaurants. Other nearby occupiers include Gails, Caffe Nero, Urban Baristas, Tesco and Pizza Express.
Tenure
Freehold.
Location
Miles
2 miles north of Hampstead, 2 miles south of Muswell Hill, 4 miles north of Central London
Roads
A1, M1, A406
Rail
Highgate, Archway Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
Highgate is a highly affluent and popular residential North London suburb. The property is prominently situated at the junction of Highgate High Street and South Grove, overlooking Pond Square. The High Street is home to many independent and well known pubs including the Gatehouse, The Red Lion & Sun, Prince of Wales, The Angel as well as several boutique shops and restaurants. Other nearby occupiers include Gails, Caffe Nero, Urban Baristas, Tesco and Pizza Express.
Tenure
Freehold.
Description
The Grade II listed property comprises a substantial restaurant arranged over ground, basement and first floors together with a 2 bed flat on the second floor. Externally, the property benefits from terraced seating to the front.
VAT
VAT is not applicable to this lot.
Completion Period
24th June 2025.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The Grade II listed property comprises a substantial restaurant arranged over ground, basement and first floors together with a 2 bed flat on the second floor. Externally, the property benefits from terraced seating to the front.
VAT
VAT is not applicable to this lot.
Completion Period
24th June 2025.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Ground Basement First Second
Restaurant Ancillary Ancillary Residential - 2 bed flat
99.23 54.26 86.75 61.38
(1,068) (584) (933) (661)
REGENT PARK GRILLS LIMITED t/a Namaaste
15 years from 05/10/2011
£54,750
Total
301.62
(3,246)
£54,750
(1) The commercial 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.
