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156 Stoke Newington Church Street, London, N16 0JU
For Rent £40,000 Per annum

Overview

Whole building let on one lease and arranged as follows: Pizza take-away on the ground and lower ground floor: Ground floor: 520 sq. ft. approx. (GIA) Lower ground floor: 584 sq. ft. approx. (GIA) The ground floor consists the main take-away area and kitchen whilst the lower ground floor is used for mainly storage. The residential upper parts consist a two bedroom flat, with the kitchen/reception area and bathroom on the first floor and 2 bedrooms on the second floor. We have been advised that the rental income achieved is £19,500 per annum, let on an AST. Residential GIA: 740 sq. ft. approx.


Address
156 Stoke Newington Church Street, London, N16 0JU

Location
Located at the end of a mixed use parade of shops on Stoke Newington Church Street (B104) within 0.36 miles of Stoke Newington Commuter Rail.

Rent
For Rent £40,000 Per annum


Tenure
Available by way of Assignment of current Lease dated 15 November 2010 for a term of 25 years from 1st November 2010, with 5-yearly rent reviews.

Premium
£75,000

Business Rates
Rateable value - £18,000 (as taken from Gov.uk) This is not the amount you will pay. The rateable value is used to calculate your rates bill. Please refer to the Local Authority for more information on rates

Legal Cost
Ingoing tenant to bear both sides reasonable related legal costs.

EPC
Rating 104 | E Available upon request

Vat
Under the Finance Acts 1989 and 1997 VAT may be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.

Viewing
Via the owners agents PSS Commercial. PSS kindly asks that all attendees must wear a mask at appointments and follow social distancing rules.

Comments
All our Hot Food for Takeaway properties for sale or let around North London have the proper licensing and use class unless specified and may come with equipment or extraction. As one of the leading commercial estate agents in north london, our commercial property valuations are second to none and are back with reliable comparables.

156 Stoke Newington Church Street, Stoke Newington, London