Highly Prominent Grade II Bar/ Restaurant/ Residential Building

Freehold Investment

For Sale

Location

The property is located in a highly prominent position on the corner of the Broadway, Elder Avenue and Tottenham Lane. The building is within the heart of the shopping area amongst many well known multiple and local retailers and within an affluent residential area. The area is well served by numerous bus routes.

Description

Comprises a highly prominent Grade II listed building of Victorian construction with a number of attractive period features arranged over lower ground, ground, first, second and third floors. The lower ground and ground floor provides beer cellar and storage with the ground floor providing a large open plan trading area split up into two main areas being the bar and the restaurant area. The ground floor is presented to a high standard with a feature island bar servery with seating and a restaurant area with its own galley kitchen. The ground floor benefits from a large outside seating area. The first floor provides the commercial kitchen together with 1x3 bed flat and 2 studio flats which are used by the members of staff. The second and third floors are split up to provide 6x1 bed flats, 4 studio flats and 1x2 bed flat.

Key Features

• Grade II Listed Building
• Ground Floor Bar/ Restaurant With Outside Seating Area
• Fully Let & Income Producing
• Total Current Income: £289,940 pax plus Vat
• 6X1 Bed Flats, 4 Studio Flats & 1x2 Bed Flat
• Affluent Residential/Commercial Area
• Total Area 13,723 Sqft

Available area

The accommodation comprises the following areas:

Commercial Tenant

The entire Lower Ground, Ground and First floors is Let to Blubeckers Ltd (01994330) on a proportional FR&I Lease for a term of 15 Years from the 24th December 2022 subject to 5 yearly rent reviews at a rent of £170,000 pax plus Vat.

Residential Tenancies

The 11 residential flats arranged on the second and third floors are all Let on separate AST agreements at a total rent of £119,940 pax.

Freehold Price

The property is being sold under Freehold Title Number: (MX179198) Price upon application.

Identification

In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful tenant

Viewings

Strictly by appointment through owner’s SOLE agents as above