High Road, Wood Green

LOCATION
The property is prominently located on High Road, Wood Green, a busy commercial thoroughfare in North London. It benefits from high levels of passing pedestrian and vehicular traffic and is within easy walking distance of Wood Green Underground Station (Piccadilly Line), providing direct access to Central London. The surrounding area comprises a vibrant mix of national retailers, independent businesses, restaurants, and residential accommodation, making it a well-established and popular trading location.

DESCRIPTION
Situated on Wood Green High Road, the property benefits from excellent visibility and a constant flow of pedestrian and vehicular traffic, providing strong exposure for a wide range of retail businesses. The property is located within a thriving retail parade, surrounded by a mix of well-known national retailers, independent shops, cafés, and restaurants, attracting a diverse and consistent customer base.

The premises occupy a highly visible corner unit and are available with a passing rental of £80,000 per annum.

The property benefits from substantial upper floors, which currently generate a healthy additional income stream, helping to offset occupational costs.

The restaurant is fully fitted to a very high standard and includes a fully equipped commercial kitchen. The vendor is seeking a premium of £300,000, which will include all fixtures, fittings, and equipment, allowing an incoming operator to commence trading with minimal additional capital expenditure.

Key highlights include:
-Prime corner position with strong footfall and visibility
-Fully fitted restaurant finished to a high standard
-Fully equipped commercial kitchen included
-Upper floors generating significant supplementary income
-Potential to further monetise the building through advertising/signage opportunities, creating an additional revenue stream
-Turnkey opportunity suitable for a range of restaurant concepts
-This is a rare chance to acquire a well-presented, income-producing hospitality asset in a busy North London location.

Available on a existing lease for a term expiring 20th April 2037 subject to rent reviews on 25th April 2027 & 25th April 2032, contracted inside the Landlord and Tenant Act 1954.

There is current interest for the upper floors at a rental of £27,000pa, giving the ground floor a rental of £53,000pa.

Please note we charge a £750 +VAT administration, referencing and compliance fee for all incoming tenants.

TERMS
Available on a existing lease for a term expiring 20th April 2037 subject to rent reviews on 25th April 2027 & 25th April 2032, contracted inside the Landlord and Tenant Act 1954.

OUTGOINGS
Interested parties should make their own enquires.

VAT
It is our understanding that there is no VAT applicable on the rent.

LEGAL COSTS
The ingoing tenant to cover the landlords legal fees.

VIEWING
Strictly via appointment.