Crouch Hill Turnpike Lane Property to rent N8

Description
Street View

Property description

This is an opportunity to acquire commercial retail shop on busy parade of shops in sought after area of Islington. The High Street offers an excellent selection of amenities as the shops, bars and restaurants and benefits from high footfall. The shop comprises of ground floor shop, kitchen, toilet, storage room, rear yard, internet and CCTV system. Furthermore, the shop benefits from oyster card and lottery machines. We have been advised by our client that the combined weekly income from the machines and grocery is approximately £13,000!

The property is located only 0.5 miles away from Crouch Hill station (London Overground) providing convenient connection to the London Underground and the rest of City. The high street is also easily accessible by car via A503 and A1201.

Accommodation
Ground floor shop:
Width/Frontage: 12” approx
Depth: 38“approx
Ground Floor size: 460sqft approx

Kitchen:
Width/Frontage: 8” approx
Depth: 13“approx
Kitchen size: 105sqft approx

Rear yard:
Width/Frontage: 15” approx
Depth: 17“approx
Rear yard size: 255sqft approx

Total accommodation size: 820sqft approx

Tenure
Leasehold/Lease Assignment – £14,000 per annum. We have been advised by our client that the rent is fixed until 2017.
Our client wishes to assign the lease which has 16 years remaining.
Our client advised us that the shop’s weekly income is approximately £4,500 for grocery, £3,500 for lottery and £3,000-£5,000 for oyster cards.

Premium – ~~our client is seeking a premium of £65,000.~~ NEW PREMIUM £50,000. Option to acquire stock worth of £25,000 as well.

Legal Fees
Each party is to bear their own legal cost.

Rates
We have been advised by the client that the current rates payable are £7,560 per year. However, all interested parties are encouraged to make their own enquiries with Borough of Islington.

Viewings
By Prior Appointment through agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057