Sold

Stroud Green Road, Finsbury Park

£400,000

For further details on this property please call us

Full Details

This location benefits from numerous restaurants and bars, the Park Theatre and independent cinemas as well as a number of individual traders and boutique style premises. Close to Crouch Hill overground, Finsbury Park station, numerous bus routes, the Parkland Walk and Central London

The property is a well-established popular Caribbean restaurant which benefits from an existing alcohol license. The restaurant consists of an open-plan seating area which leads into a bar/serving area, kitchen, W/C and storage .
The flats above will be granted new long term leases upon completion at a nominal ground rent.

The ground floor of the property is let by way of ten year FR&I lease dated 24th October 2015 at a passing rent of £27,500 per annum paid monthly in advance. The rent review due in October 2020 has not been implemented. The tenant is Lulus Cuisine Limited and there is a personal guarantor.

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As of April 2018, Minimum Energy Efficiency Standards (MEES) are now imposed on commercial properties throughout England and Wales that are to be sold or let.