Cafe & 2 Flats, Seven Sisters, Greater London

Property Description

• Freehold Restaurant and Residential Investment.
• The property is arranged over 3 floors with commercial unit on ground floor and flats on first and second floor.
• The property provides total dimensions of 1,764 sq ft

Location Description

• Seven Sisters is a densely populated North London suburb in the borough of Haringey situated 7 miles north of the City and served by the A10 (High Road) and A406 (North Circular Road). Walthamstow, to the east, is accessible via the A503 and Green Lanes via the A504 to the west.
• Public transport links are excellent, the area being served by Seven Sisters Mainline and Underground stations (Victoria Line) together with numerous bus routes.
• The property is situated in an established shopping parade on the west side of Seven Sisters Road (A503), close to its junction with St Ann’s Road.

Additional Information

• The property is at present let to A Warsame (t/a Red Mist Cafe) for a term of 20 years from 11th December 2009 at a current rent of £12,500 per annum.
• The lease provides for rent reviews every fifth year of the term and contains full repairing and insuring covenants.
• Residential flats let at a current rent of £23,400