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COMMERCIAL

Green Lanes, London, N13

£659,950
Varosi Lettings & Estates, London
PROPERTY TYPE

Hospitality

SIZE

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Key features

  • Freehold
  • Fully Tenanted
  • Great for Investment

Description

Varosi Estates is delighted to offer this excellent freehold investment opportunity, comprising a fully let restaurant premises in the heart of N13.

The property is sold with an established tenant in situ, providing an immediate rental income of £26,000 per annum. The current lease expires in 2032, with a scheduled rent review in 2028, offering the potential for future rental growth.

The property is let on a Full Repairing and Insuring (FRI) lease, meaning the tenant is responsible for the repair and maintenance of the premises throughout the lease term. The freeholder arranges the building insurance, with the full premium reimbursed by the tenant.

The most recent annual building insurance premium was approximately £1,725.

Rent is paid quarterly on the following dates:

25th March
24th June
29th September
25th December

This is an attractive investment opportunity for purchasers seeking a well-located commercial freehold with a secure income stream, strong covenant strength and future asset management potential through the forthcoming rent review.

Key Features

Freehold commercial investment
Restaurant premises with tenant in situ
Rental income of £26,000 per annum
Lease expiry in 2032
Rent review due in 2028
Full Repairing and Insuring (FRI) lease
Building insurance premium reimbursed by the tenant
Quarterly rental payments
Prime N13 location
Ideal addition to an investment portfolio

For further information or to arrange a viewing, please contact Varosi Estates..

Energy Performance Certificates

EPC 1

Green Lanes, London, N13

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bowes Park Station0.5 miles
  • Palmers Green Station0.6 miles
  • Bounds Green Station0.6 miles

About Varosi Lettings & Estates, London

176 Tollington Park, London, N4 3AJ
Industry affiliations:Industry affiliation logo 0

Varosi Lettings & Estates are a leading Independent Estate Agents, with specialist negotiators helping to break our company targets and exceeding our expectations. This has given us a significant edge over our competitors by enabling us to dedicate quality time to all our clients. Our experienced sales team are locally based and offer property appraisals free and without obligation.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Green83. 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 Varosi Lettings & Estates, 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.

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