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Alexandra Park Road, London

979 sq. ft. | £100,000

Property Description

Commercial information

  • 979 sq ft (90 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Indian Restaurant prominently located on popular busy Alexandra Park Road in Muswell Hill, North London with plenty of footfall, traffic and local schools.
  • It is located close to both Alexandra Palace and Muswell Hill playing fields.
  • The ground floor has been refurbished to an immaculate standard with up to 75 covers and bar/serving area to the front with kitchen, ladies and male toilets to the rear.
  • Also large storage area and access for deliveries to the rear.
  • Use A3/A4/A5 restaurant and cafe/drinking establishment and hot food takeaway.
  • Premium 100,000 subject to contract as a guide for the benefit of the lease, goodwill, fixtures and fittings.
  • Rental 22,000 per annum exclusive.
  • Lease held by way of a full repairing and insuring basis with an unexpired term of 18 years approx with the lease subject to 5 yearly rent reviews, It is we understand that the lease is granted inside

Full description

Warren Anthony Commercial are delighted to bring to the market this Indian Restaurant prominently located on popular busy Alexandra Park Road in Muswell Hill, North London with plenty of footfall, traffic and local schools.

It is located close to both Alexandra Palace and Muswell Hill playing fields.

The ground floor has been refurbished to an immaculate standard with up to 75 covers and bar/serving area to the front with kitchen, ladies and male toilets to the rear.

Also large storage area and access for deliveries to the rear.

Use A3/A4/A5 restaurant and cafe/drinking establishment and hot food takeaway.

Premium £100,000 subject to contract as a guide for the benefit of the lease, goodwill, fixtures and fittings.

Rental £22,000 per annum exclusive.

Lease held by way of a full repairing and insuring basis with an unexpired term of 18 years approx with the lease subject to 5 yearly rent reviews, It is we understand that the lease is granted inside the security of the tenure provisions of the Landlord and Tenant Act 1954, part 2 as amended.

Business rates we have been advised by the current owner that the rates payable are £7,500 per annum approx. However, all interested parties are recommended to make their own enquiries to the local rating department at the London Borough of Haringey,

Size 979 sq ft approx.

Opening hours Sunday - Thursday 5pm - 11pm. Friday and Saturday 5pm - 11.30pm including Bank Holidays.

Staff owner managed with 8 staff.

Turnover with we understand a current turnover in excess of £208,000 per annum approx.

Accounts available on request.

Legal costs with each party to bear their own legal costs whereas the incoming tenant to pay for the freeholders/landlords legal costs.

Local authority London Borough of Haringey.

Energy performance certificate with an asset rating of 134 - F with a copy of this property's energy performance certificate it is available on request.

Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.

Any fixtures, fittings, equipment, machinery and plant 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.

Warren Anthony for themselves for the 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 Warren Anthony.

4. All rent, prices, fees and charges are quoted exclusive of VAT.

For more information or appointment to view please contact our Watford office on either 01923 220 012.

Important Notice
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


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