- Listing ID: 3432
Hotel & Leisure Property For Sale 422 West Green Road, London, N15
- £550,000
- For Sale
Property Overview
-
- Size:
- Undisclosed
-
- Usage:
- A3, A4, C3
-
- Sale Type:
- For Sale
-
- Rental Income:
- Undisclosed
-
- Property Type:
- Other
- Other
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- No
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
General Summary
DESCRIPTION
The building comprises an extensive Restaurant and Club trading as “Port Louis Bar” together with 3 spacious 2 bedroom Flats, currently let by way of Assured Shorthold Tenancies
TENANCIES
The Ground Floor is let to Mr Kilan and Kailah Chadee trading as PortLouis Bar with the 3 Flats let as per the Schedule below:
Restaurant Bar - New 15 year lease on FRI terms with five yearly Rent Reviews at £15,000 pax
Flat 1
Let by way of an AST until 25 July 2012 at £ 9,600 pax
Flat 2
Let by way of an AST until 1 September 2012 at £6,900 pax
Flat 3
Let by way of an AST until 30 June 2012 at £9,000 pax
TOTAL INCOME £ 47,700 pax
PRICE
We are instructed to offer the FREEHOLD subject to the existing income in the sum of £550,000
Location
The building is located close to the junction of Belmont Road and within a few minutes’ walk of Turnpike Lane Underground Station. The extensive shopping facilities of Wood Green are also just a short distance from the subject property.
