£659,950
(£675,000.00/sq. ft)
Restaurant for saleGreen Lanes N13
1 sq. ft
Business
About this property
Varosi Estates is delighted to offer this excellent freehold investment opportunity, comprising a fully let restaurant premises in the heart of N13.
The property is sold with an established tenant in situ, providing an immediate rental income of £26,000 per annum. The current lease expires in 2032, with a scheduled rent review in 2028, offering the potential for future rental growth.
The property is let on a Full Repairing and Insuring (Fri) lease, meaning the tenant is responsible for the repair and maintenance of the premises throughout the lease term. The freeholder arranges the building insurance, with the full premium reimbursed by the tenant.
The most recent annual building insurance premium was approximately £1,725.
Rent is paid quarterly on the following dates:
25th March
24th June
29th September
25th December
This is an attractive investment opportunity for purchasers seeking a well-located commercial freehold with a secure income stream, strong covenant strength and future asset management potential through the forthcoming rent review.
Key Features
Freehold commercial investment
Restaurant premises with tenant in situ
Rental income of £26,000 per annum
Lease expiry in 2032
Rent review due in 2028
Full Repairing and Insuring (Fri) lease
Building insurance premium reimbursed by the tenant
Quarterly rental payments
Prime N13 location
Ideal addition to an investment portfolio
For further information or to arrange a viewing, please contact Varosi Estates.
The property is sold with an established tenant in situ, providing an immediate rental income of £26,000 per annum. The current lease expires in 2032, with a scheduled rent review in 2028, offering the potential for future rental growth.
The property is let on a Full Repairing and Insuring (Fri) lease, meaning the tenant is responsible for the repair and maintenance of the premises throughout the lease term. The freeholder arranges the building insurance, with the full premium reimbursed by the tenant.
The most recent annual building insurance premium was approximately £1,725.
Rent is paid quarterly on the following dates:
25th March
24th June
29th September
25th December
This is an attractive investment opportunity for purchasers seeking a well-located commercial freehold with a secure income stream, strong covenant strength and future asset management potential through the forthcoming rent review.
Key Features
Freehold commercial investment
Restaurant premises with tenant in situ
Rental income of £26,000 per annum
Lease expiry in 2032
Rent review due in 2028
Full Repairing and Insuring (Fri) lease
Building insurance premium reimbursed by the tenant
Quarterly rental payments
Prime N13 location
Ideal addition to an investment portfolio
For further information or to arrange a viewing, please contact Varosi Estates.
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Monthly repayment
£3,301 per month
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