Basic Facts
Property ID:
11218
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Post Updated:
2021-04-22 13:00:06
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Status:
Sold
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Type:
Restaurant
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Tenure:
Freehold
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Area:
1018 sq ft
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Gross Rent:
£ 32,000
|
Gross Yield %:
6.1
|
Lease Term:
20 yrs from Sept' 08
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Lease Term Expiry Date:
12/10/28
|
Years left on Lease:
4.5
|
VAT applicable:
No
|
Property Description
- Freehold Blue-Chip Ground Floor investment.
- Ground floor unit of 1,018 sq ft. with a yard/parking to the rear
Location Description
- Palmers Green also nicknamed “Little Cyprus” is an affluent North London suburb.
- North Circular Road and A10 are the main truck roads. The A111 through Southgate gives access to the M25 at junction 24.
- Palmers Green railway station, trains running to Moorgate station.
- Located in a busy high street with nearby blue-chip occupiers including Sainsburys, Paddy Power, Lloyds Bank and Greggs.
Additional Notes
- There is a flying freehold where the first floor of the adjoining property flies over the shop and is not included in the sale
Features
£500k - £1m
Blue-chip tenant
Finance available
Freehold
No Break clauses
No VAT applicable
Prime location
Suitable for a SIPP
Tenancy & Accommodation Schedule