This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Restaurant for sale

Ballards Lane, Finchley Central, London, N3

845 sq. ft. | £300,000

Property Description

Commercial information

  • 845 sq ft (78 sq m)

Key features

  • Sought after location
  • Total ground floor area 78.5 SQ.M (845 SQ.FT) approx
  • Tenanted investment

Full description

Tenure: Leasehold

VIRTUAL FREEHOLD FOR SALEDescription:

This beautiful and well presented A3 premise in Finchley Central provides a total ground floor area of 78.5m2 (845ft2) Approx. There is a new lease of 15 years, which was taken out towards the beginning of 2014. The tenant is currently paying £15,000PA with a rent review due in 2 years' time.

Location:

• Situated towards the north end of Ballards Lane, Finchley Central's primary shopping parade.
• Within easy access of major road networks, such as the A1000, A406 North Circular and A1.
• Serviced by a range of bus routes and within easy access to East Finchley, Temple Fortune, Golders Green, Mill Hill, North Finchley and surrounding areas.

Local High Street:

Also present on the high street are a range of multiple retailers, such as Blockbuster Video, Tesco, Subway, Pizza Hut, Nat West, Barclays Bank, Costa Coffee and other multiple retailers, and a number of small boutique style outlets.

Tenure:

Virtual Freehold with 996 years remaining

Current Lease Details:

15 year lease taken in 2014
3 yearly rent reviews
Trading as an A3 restuarant

Business Rates:

The VOA suggests the 2012/13 rates payable are in the region of £8,213 approx. Interested parties are invited to make their own investigation as to the rates they would pay and whether a small business discount or rate relief may be applied.

Conditions:

Ingoing tenant to be responsible for both parties reasonable legal costs.

Viewings:

Strictly via the owner's agent, MARTYN GERRARD COMMERCIAL DEPARTMENT.

Please contact a member of our commercial team on 020 8444 3445.

Martyn Gerrard Commercial for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to Martyn Gerrard Commercial.
4. All rent prices, fees and charges are quoted exclusive of VAT.
5. Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition


More information from this agent

Energy Performance Certificate (EPC) graphs

Map & Street View

Disclaimer - Property reference COM150016. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martyn Gerrard, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.