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AGENT'S DETAILS


Freehold Investment FOR SALE (Current business unaffected by the sale)

For sale: £390,000.00|1381 Sq M|Restaurant/Cafes

PROPERTY DETAILS

FOR SALE£390,000.00
SIZE1381 Sq M
ADDRESSChaseville Parade, Chaseville Park Road, London, Greater London, N21 1PG
TYPERestaurant/Cafes
TENUREInvestment Opportunity
POSTED ON22nd September 2020

DESCRIPTION

Location:
Located on a mixed-use parade of shops in Chaseville Parade on the north side of Chaseville Park Road in the affluent residential area of Winchmore Hill. Highlands village development which includes a Sainsburys store is only a short walking distance away.

Description:
The property is to be sold subject to a new 20-year FRI lease at £20,000 per annum with rent reviews taking place every four years. The current operators have been in occupation since 2008.

The uppers parts consist of 2 apartments which have been sold off on long
leases and produce nominal ground rents.
Flat A: 125 Years from 1999
Flat B: 99 Years from 1999


Dimensions:

Shop Front: 19.75 ft
Net Internal Area: 1381 sq ft 128 sq m

Tenancy Details:
Upon completion the property will be let at £20,000 per Anum on a new 20-year FRI lease with 4 yearly rent reviews

Price:
FREEHOLD – Guide Price £390,000

Costs:
Both sides to pay own legal costs

Viewing Details:
Strictly via prior appointment with owner’s SOLE agents Treewood no direct contact or unaccompanied visits to the property will be accepted.

LOCATION

Location: Chaseville Parade, Chaseville Park Road, London, Greater London, N21 1PG

Oakwood (0.9 miles)

Southgate (1.1 miles)

Cockfosters (1.8 miles)

Grange Park (0.5 miles)

Enfield Chase (1.1 miles)

Winchmore Hill (1.3 miles)

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