£35,000 pa
(£26.36/sq. ft. pa)
Property to letSwains Lane, Parliament Hill N6
1,328 sq. ft
About this property
Assignment of existing lease - an oportunity to take over this well-established, profitable ground floor cafe in the highly sought-after Highgate neighbourhood with outside seating (part of the premisses).
Location
The unit is located on the ground floor of a mixed used building along Swains Lane situated close to the popular junction of Highgate Road. The property is situated in a popular residential area, but also many independent businesses serve the immediate area, such as Gails bakery, Tesco Express and Sourdough Sofia. Gospel Oak (Overground) Station, can be found just over half of mile from the property. The very popular grounds of Hampstead Heath & Parliament Hill are within close proximity including the very popular Highgate Mens Bathing pond.
Description
Currently operating as a bistro/café, with a spacious seating area to the front, bar area, two WCs and a substantial external seating area. To the rear of the property, there is a storage room with a side door that leads out to a patio area, as well as a well-maintained kitchen. The ingoing tenant will benefit from the ongoing profitable business, the interior which is in good condition, a new lease that has been negiotiated by the current tenant, the benfit of a lease inside the act and the fixtures and fittings.
There is scope to increase turnover by trading in the evening.
Operating at a healthy profit margin. Financial details available upon request.
Accommodation
Gross floor area 123.30m2 / 1327.68 Sq Ft
amenities
Good condition
Highly sought after area
Air conditioning
Kitchen
Two WC's
Outdoor seating part of the property
Spacious seating area
Patio area
terms
Lease is being renewed by 12 years for ingoing tenant (on top of the existing one). Open lease inside the provisions of the 1954 Landlord and Tenant Act.
Premium of £200,000 sought for the benefit of the lease, goodwill and fixtures & fittings.
Outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Current Business Rates payable £2,838.06 (inclusive of relief)
legal costs
Each party to bear own costs, ingoing tenant to pay landlord legal costs.
Viewing
Strictly by appointment through the Landlord's sole agent Drivers & Norris.
Location
The unit is located on the ground floor of a mixed used building along Swains Lane situated close to the popular junction of Highgate Road. The property is situated in a popular residential area, but also many independent businesses serve the immediate area, such as Gails bakery, Tesco Express and Sourdough Sofia. Gospel Oak (Overground) Station, can be found just over half of mile from the property. The very popular grounds of Hampstead Heath & Parliament Hill are within close proximity including the very popular Highgate Mens Bathing pond.
Description
Currently operating as a bistro/café, with a spacious seating area to the front, bar area, two WCs and a substantial external seating area. To the rear of the property, there is a storage room with a side door that leads out to a patio area, as well as a well-maintained kitchen. The ingoing tenant will benefit from the ongoing profitable business, the interior which is in good condition, a new lease that has been negiotiated by the current tenant, the benfit of a lease inside the act and the fixtures and fittings.
There is scope to increase turnover by trading in the evening.
Operating at a healthy profit margin. Financial details available upon request.
Accommodation
Gross floor area 123.30m2 / 1327.68 Sq Ft
amenities
Good condition
Highly sought after area
Air conditioning
Kitchen
Two WC's
Outdoor seating part of the property
Spacious seating area
Patio area
terms
Lease is being renewed by 12 years for ingoing tenant (on top of the existing one). Open lease inside the provisions of the 1954 Landlord and Tenant Act.
Premium of £200,000 sought for the benefit of the lease, goodwill and fixtures & fittings.
Outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Current Business Rates payable £2,838.06 (inclusive of relief)
legal costs
Each party to bear own costs, ingoing tenant to pay landlord legal costs.
Viewing
Strictly by appointment through the Landlord's sole agent Drivers & Norris.
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