Restaurant/cafe for sale in Friern Barnet Road, London N11
Guide price
£1,050,000 (£563.91/sq. ft)
Under offer
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Restaurant/cafe for sale
Property features
- Mixed Use
- Held Under 2 Freehold Titles
- Restaurant
- 3 Flats
- Subject to VAT
Property description
35 Queens Parade is a commercial unit held on one freehold title, and the adjoining commercial property - 36 Queens Parade & 1 Priory Villas are held on a further separate freehold title.
At present, 35-36 Queens Parade are let to a restaurant, trading as Uri's Kitchen.
The 3 flats in Priory Villas are also let and income producing.
The property is situated at the top of Colney Hatch Lane, just on the southern side of the intersection with Woodhouse Road, Friern Barnet Lane & Friern Barnet Road.
The surrounding area is predominantly made up of residential property -served by the shops and restaurants in the parades adjacent to the subject properties.
The properties sit between the transport hubs of North Finchley & Arnos Grove, and are approximately half a mile away from the North Circular Road (A406), at the junction of which is the large Tesco Extra store.
35-36 Queens Parade
Currently let on one lease for a term of 20 years, which commenced in June 2022.
The current passing rent is £24,000 per annum + VAT. The lease is subject to a 4 yearly rent review pattern, and is held under Full Repairing and Insuring terms.
The restaurant is configured with the main dining area to the right hand side (No. 36), with maximum depth of 30' (9.14m), and a maximum width of 26'3 (8m) - this leads through to the rear where there is an office and WC area.
The left hand side of the unit (No. 35), is a bar area/food prep area, and measures approximately 17' x 16' (5.18m x 4.88m). Plus a further seating area that has a width of 17'3 (5.26m) and a depth of 14' (4.27m).
To the rear of the left hand part of the unit, is a fully fitted kitchen (almost triangular in shape) with a maximum width of 24' (7.32m) and a maximum depth of 20' (6.10m) - with a door to the rear leading out to a bin storage area.
Business Rates:
According to the voa web site, the Rateable Value from April 2023 is £33,500.
Billing Authority - The London Borough of Barnet.
Cepc Rating: C: 73
gia: Approximately 1,862ft² (173m²)
Priory Villas
No. 1 Priory Villas is a 3 storey end of terrace building that has been converted into 3 flats. Flat A is a duplex flat, accessed via a front door from Colney Hatch Lane. Flats B & C are arranged over first and attic levels, and accessed via a separate entrance to the side of the property off Queens Parade Close.
All flats are currently Let and income producing.
Flat A - Ground floor comprising; open plan, well presented kitchen/reception, 2 bedrooms, shower room/WC. Flat 1a is let for a term of 5 years from September 2019, currently paying £1,100 pcm.
EPC Rating: D57 - The energy certificate references a floor area of 710ft² (66m²).
Parking space to the front of the property.
Flat B - First floor, kitchen/reception, 2 bedrooms & shower room/WC.
Flat 1b is let for a term of 1 year from May 2023, currently paying £1,300 pcm.
EPC Rating: D67 - The energy certificate references a floor area of 581ft² (54m²)
Parking space in the under croft.
Flat C
Top floor, kitchen/reception, 2 bedrooms & shower room/WC.
This flat is into the roof space and has restricted head height in places.
Flat 1c is let for a term of 5 years from October 2019, currently paying £1,100 pcm.
EPC Rating: D63 - The energy certificate references a floor area of 581ft² (54²).
Parking space to the rear.
Lock-up store to the rear.
Council Tax is being re-assessed by the London Borough of Barnet.
At present, 35-36 Queens Parade are let to a restaurant, trading as Uri's Kitchen.
The 3 flats in Priory Villas are also let and income producing.
The property is situated at the top of Colney Hatch Lane, just on the southern side of the intersection with Woodhouse Road, Friern Barnet Lane & Friern Barnet Road.
The surrounding area is predominantly made up of residential property -served by the shops and restaurants in the parades adjacent to the subject properties.
The properties sit between the transport hubs of North Finchley & Arnos Grove, and are approximately half a mile away from the North Circular Road (A406), at the junction of which is the large Tesco Extra store.
35-36 Queens Parade
Currently let on one lease for a term of 20 years, which commenced in June 2022.
The current passing rent is £24,000 per annum + VAT. The lease is subject to a 4 yearly rent review pattern, and is held under Full Repairing and Insuring terms.
The restaurant is configured with the main dining area to the right hand side (No. 36), with maximum depth of 30' (9.14m), and a maximum width of 26'3 (8m) - this leads through to the rear where there is an office and WC area.
The left hand side of the unit (No. 35), is a bar area/food prep area, and measures approximately 17' x 16' (5.18m x 4.88m). Plus a further seating area that has a width of 17'3 (5.26m) and a depth of 14' (4.27m).
To the rear of the left hand part of the unit, is a fully fitted kitchen (almost triangular in shape) with a maximum width of 24' (7.32m) and a maximum depth of 20' (6.10m) - with a door to the rear leading out to a bin storage area.
Business Rates:
According to the voa web site, the Rateable Value from April 2023 is £33,500.
Billing Authority - The London Borough of Barnet.
Cepc Rating: C: 73
gia: Approximately 1,862ft² (173m²)
Priory Villas
Residential flats
No. 1 Priory Villas is a 3 storey end of terrace building that has been converted into 3 flats. Flat A is a duplex flat, accessed via a front door from Colney Hatch Lane. Flats B & C are arranged over first and attic levels, and accessed via a separate entrance to the side of the property off Queens Parade Close.
All flats are currently Let and income producing.
Flat A - Ground floor comprising; open plan, well presented kitchen/reception, 2 bedrooms, shower room/WC. Flat 1a is let for a term of 5 years from September 2019, currently paying £1,100 pcm.
EPC Rating: D57 - The energy certificate references a floor area of 710ft² (66m²).
Parking space to the front of the property.
Flat B - First floor, kitchen/reception, 2 bedrooms & shower room/WC.
Flat 1b is let for a term of 1 year from May 2023, currently paying £1,300 pcm.
EPC Rating: D67 - The energy certificate references a floor area of 581ft² (54m²)
Parking space in the under croft.
Flat C
Top floor, kitchen/reception, 2 bedrooms & shower room/WC.
This flat is into the roof space and has restricted head height in places.
Flat 1c is let for a term of 5 years from October 2019, currently paying £1,100 pcm.
EPC Rating: D63 - The energy certificate references a floor area of 581ft² (54²).
Parking space to the rear.
Lock-up store to the rear.
Council Tax is being re-assessed by the London Borough of Barnet.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
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For more information about this property, please contact
Maunder Taylor, N20 on +44 20 3478 3236 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maunder Taylor, and do not constitute property particulars. Please contact Maunder Taylor for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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