849, 849a & 849b High Road, North Finchley, London N12 8PT

SITUATION
Located close to the junction with Woodside Park Road, directly opposite Sainsbury’s Supermarket and amongst such multiples as Merkur Slots, Lloyds Bank, Paddy Power, Barnardo’s, William Hill and Barclays as well as a host of independent retailers.
North Finchley is a well known shopping retail centre serving the surrounding residential population of this popular suburb located approx. 8 miles north of central London.

PROPERTY
A mid terraced building comprising a Ground Floor Pizza Restaurant/Take-Away with separate front entrance to 2 Self-Contained Flats on the first and second floors.
In addition, the property includes a Rear Yard.

ACCOMMODATION
Ground Floor Restaurant/Pizza Take-Away
Gross Frontage 19'0"
Internal Width 14'0"
Restaurant Depth 39'6"
Built Depth 55'6"
Area Approx. 758 sq ft1
External Store Area Approx. 141 sq ft1
WC

First Floor Flat
2 Bedrooms, Living Room, Kitchen, Shower/WC
(GIA Approx. 706 sq. ft.)

Second Floor Flat
2 Bedrooms, Living Room, Kitchen, Shower/WC
(GIA Approx. 845 sq. ft.)

1Areas taken from VOA.

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY
The entire property is let on a full repairing and insuring lease to U. Ozdemir as a Wood Fired Pizza Restaurant/Take-Away for a term of 20 years from 25th December 2019 at a current rent of £56,000 per annum exclusive.

Rent Reviews 2029 and 2034

£9,500 Rent Deposit held.

Note 1: The tenant has advised that the flats are occupied by family members and staff.

Note 2: 6 week completion.