£675,000
(£675,000.00/sq. ft)
Restaurant for saleGreen Lanes N13
1 sq. ft
Business
About this property
Varosi Estates is delighted to offer the freehold on the restaurant in the heart of N13.
The restaurant currently has a tenant who's lease expires in 2032. The current rate of rent received is £26k per annum. There is a rent review in 2028 where there is an opportunity to increase the rent.
It is a full repair and insuring lease (Fri) so tenant maintains the property solely at their own expense.
The freeholders obtains insurance and tenant pays the premium after insurance is secured by the Freeholder.
The latest premium to renew insurance for the commercial property was approx. £1,725.
Rent is received quarterly, the payment dates are 25th March, 24th June, 29th September and 25 December
The restaurant currently has a tenant who's lease expires in 2032. The current rate of rent received is £26k per annum. There is a rent review in 2028 where there is an opportunity to increase the rent.
It is a full repair and insuring lease (Fri) so tenant maintains the property solely at their own expense.
The freeholders obtains insurance and tenant pays the premium after insurance is secured by the Freeholder.
The latest premium to renew insurance for the commercial property was approx. £1,725.
Rent is received quarterly, the payment dates are 25th March, 24th June, 29th September and 25 December
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Monthly repayment
£3,376 per month
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