Restaurant/cafe to let in Stoke Newington Church Street, Stoke Newington, London N16

£40,000 pa (£22.17/sq. ft. pa)
Restaurant/cafe to let 1,804 sq. ft*
Interested in this property? Call +44 20 3641 8460 * or Request Details

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Property features

  • All our Hot Food for Takeaway properties for sale or let around North London have the proper licensing and use class unless specified and may come wit

Property description

Description

Whole building let on one lease and arranged as follows:

Pizza take-away on the ground and lower ground floor:

Ground floor: 520 sq. Ft. Approx. (gia)

Lower ground floor: 584 sq. Ft. Approx. (gia)

The ground floor consists the main take-away area and kitchen whilst the lower ground floor is used for mainly storage.

The residential upper parts consist a two bedroom flat, with the kitchen/reception area and bathroom on the first floor and 2 bedrooms on the second floor. We have been advised that the rental income achieved is £19,500 per annum, let on an AST.

Residential gia: 740 sq. Ft. Approx.

Location

Located at the end of a mixed use parade of shops on Stoke Newington Church Street (B104) within 0.36 miles of Stoke Newington Commuter Rail.

Tenure

Available by way of Assignment of current Lease dated 15 November 2010 for a term of 25 years from 1st November 2010, with 5-yearly rent reviews.

Premium

£75,000

Business Rates

Rateable value - £18,000 (as taken from )

This is not the amount you will pay. The rateable value is used to calculate your rates bill.

Please refer to the Local Authority for more information on rates

Legal Costs

Ingoing tenant to bear both sides reasonable related legal costs.


EPC


Rating 104 E

Available upon request


VAT


Under the Finance Acts 1989 and 1997 VAT may be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.

Viewing

Via the owners agents pss Commercial.

Pss kindly asks that all attendees must wear a mask at appointments and follow social distancing rules.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Paul Simon Seaton Commercial, N13 on +44 20 3641 8460 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Paul Simon Seaton Commercial, and do not constitute property particulars. Please contact Paul Simon Seaton Commercial 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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