LONDON, 81/81a RUSSELL LANE, N20 0BA on sale

LOCATION

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).

DESCRIPTION

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.

ACCOMMODATION

The unit comprises the following approximate area:

Floor Area Sq M Sq Ft
Restaurant 68.9 742
Kitchen 26.6 287
Store 12.12 130
Total 107.6 1159

TENURE

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.

RATEABLE VALUE

Current assessment of the ground floor £12,500.

EPC

The property has an EPC Energy Rating C.

PRICE

Offers in the region of £225,000.

VAT

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.

Address:
81 & 81a RUSSELL LANE, LONDON, N20 0BA
£225,000
Area
1159 sq ft

contact the agent

BSc (Hons) MRICS

Ben Taylor

check also our

Featured offers