LONDON, 81/81a RUSSELL LANE, N20 0BA on sale
The property is located in Whetstone North London, with the nearest tube station being Totteridge & Whetstone approximately 1.2 miles to the west. Located in a residential suburb and fronting the Russell Lane (B1453), the property sits within a parade of shops all of which are independent, and is also close to a BP petrol filling station and the Cavalier public house (Greene King).
The commercial element is arranged over the ground floor and currently trades as Alexanders Greek Restaurant. The upper floor maisonette is accessed from the rear and was sold on a long leasehold some years ago.
The unit comprises the following approximate area:
Freehold. The ground floor is let to a restaurant tenant for 25 years from 28 January 2013 at a current rent passing of £10,500pa with rent reviews every fifth year, the next being in 2023. The upper floor maisonette is let for 99 years from 24th June 1987 at a current rent passing of £100pa, increasing to £150 from 3rd June 2050.
Current assessment of the ground floor £12,500.
The property has an EPC Energy Rating C.
Offers in the region of £225,000.
The property is not registered for VAT
FURTHER INFORMATION AND VIEWINGS
Please contact Ben Taylor (details below).
ANTI MONEY LAUNDERING
In Accordance with Anti-Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser.
81 & 81a RUSSELL LANE, LONDON, N20 0BA