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For Sale£85,000.00

36, Highgate Hill, London, N19 5NL

Leisure Property, Restaurant/Cafes, Licensed & Leisure , 145 Sq M
Property type: Leisure Property, Restaurant/Cafes, Licensed & Leisure
Tenure: For Sale Leasehold
Size: 145 Sq M
Price: £85,000.00
Location: 36 Highgate Hill, N19 5NL
The property is a corner-site, set on the ground floor with no stairs anywhere.

There are 2 rooms of dining area totalling 60 covers, with a bar in between, with space for 25 covers in the front and 35 in the back comfortably. An open kitchen has been installed in the larger back room with a long extractor hood newly installed. 2 toilets; 1 x disabled / baby changing.

The flat roof on the larger back section has recently been replaced and given a 25 year guarantee (£10k), plus a new boiler, extractors and general refurbishment.
A large commercial kitchen has been newly fitted at the back and includes 4 very large sinks, fridges, staff toilet and side door onto side street.
Overall the property has been extremely well looked after and is in excellent shape.

Staff Unaware Viewings Strictly By Appointment Only.

Location Description:

The restaurant is a 3 minute walk to Archway tube, situated next to the Whittington Hospital. The customer catchment area includes Hampstead, Highgate, Muswell Hill, Finchley and Crouch End. Archway round-about was removed last year and was pedestrianised / turned into large piazza which is currently undergoing further development with huge potential.

Lease Details:
Current 15 year lease (within 1954 Tenancy Act) renewable in August 2021, started 2006.

Premium Details:
Amount: £85,000
Premium to include leasehold, fixtures and fittings.

Other Annual Outgoings
Building Insurance: £ 350

Business Rates - The property is assessed for rates as follows:

Rates Payable: £ 560

VAT: This property has not been elected for VAT.

Legal Costs
Each party will be responsible for their own legal costs incurred during this transaction.

Energy Performance Certificate
The EPC for the building is available on request.
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