Skip to content

Green Lanes, Palmers Green

£50,000

£46.17 per sq ft

Business rates & charges may apply

Mi Commercial, London
SIZE AVAILABLE

1,083 sq ft

101 sq m

SECTOR

High street retail property for sale

Description

LOCATION
Situated in a high footfall position along the bustling Green Lanes high street, at the popular 'Triangle' junction with Aldermans Hill. The property is within walking distance to Palmers Green mainline station, providing quick connections into central London.

Excellent access to the North Circular Road (A406) — just half a mile south

Surrounded by national and local occupiers including Sainsbury´s, Costa Coffee, and Domino´s, enhancing footfall and visibility

DESCRIPTION
Fully Fitted Lounge/Shisha Bar with Outdoor Garden (Lease Assignment)
Prime North London venue, fully licensed and ready to trade.

Fully fitted lounge/shisha bar with outdoor garden area available via lease assignment.
Approx. 1,038 sq ft (Ground & Basement)

Rent: £20,400 p.a. Premium: £55,000 (Fixtures, Fittings & Equipment) Lease: 15 years (≈ 5 yrs remaining)

Features:
- Trading successfully for over 10 years
- Turnkey setup with sound system, air conditioning & bar
- Outdoor garden ideal for shisha service
- Licensed for alcohol & shisha
- Established, loyal clientele

Alternative option - Business Partner Opportunity: Hayate Lounge (Shisha Lounge & Café)
Join as an active partner in the established Hayate Lounge, a premium shisha café in North London.

Fully fitted and equipped, ready to trade, including outdoor shisha area.

Rent: £20,400 p.a. (or £18,000 p.a. under new 10-year lease)
Premium: £70,000 (Fixtures, Fittings & Equipment)

Investment:
- £35,000 for 50% ownership (1-3 year term)
- Existing tenant remains a sleeping partner (no daily involvement)
- Active partner to manage day-to-day operations

Highlights:
Fully fitted, ready-to-trade setup
Prime North London location
Attractive rent & flexible lease options
Equal 50/50 profit share
Low entry cost

Fees: £750 + VAT (referencing, admin & AML)

TERMS
Assignment of a 15 year lease

OUTGOINGS
Interested parties should make their own enquiries

VAT
It is our understanding that VAT is not applicable

LEGAL COSTS
Each party to pay their own

VIEWING
Strictly via appointment only

Green Lanes, Palmers Green

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Palmers Green Station0.1 miles
  • Bowes Park Station0.8 miles
  • Bounds Green Station0.9 miles

About Mi Commercial, London

9 Onslow Parade Hampden Square East Barnet London N14 5JN

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 102099002745. 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 Mi Commercial, London. 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.