Prime Restaurant Lease in Affluent North London Suburb
Confidentially Available Staff Unaware

LOCATION
Crouch End is an affluent residential area located in North London. The premises is within prime pitch on the east side of The Broadway. Nearby occupiers include Gails, Oliver Bonas, Waitrose, Greggs and Tesco Express.

TERM
A full repairing and insuring lease, for a term of 21 years expiring on 20 October 2036, subject to annual RPI increases (cap and collared). The lease is contracted outside the Security of Tenure provisions of the Landlord & Tenant Act 1954.

PREMIUM
Offers Invited.

RENT
£84,084 per annum exclusive.

LICENCE
Sunday – Thursday 08.00 to 23:00
Friday – Saturday 08.00 to 00.00
Full licence available upon request.

ACCOMMODATION
The premises are arranged over ground and basement floors, with a conservatory at the rear of the ground floor providing excellent natural light, and comprising the following approximate gross internal floor areas:

Ground Floor                                              1,566 sq ft /  145.49 sq m
Conservatory                                               227 sq ft  /  21.09 sq m
Basement                                                      644 sq ft / 59.83 sq m
Basement (restrictive head height)         328 sq ft  /  30.47 sq m

RATES 2023/24
Rateable Value:                                                £72,500
Rates payable (UBR multiplier: £0.532):  £36,250

A business may be entitled to 75% off the chargeable amount, up to a figure of £110,000, from 1 April 2023 to 31 March 2024. All interested parties should verify the business rates with the relevant local authority.

VIEWING
By appointment with sole agents Stephen Kane & Company.

Jonathan Cowan jsc@stephenkane.co.uk | 07973 619 090
Joel Fraser jf@stephenkane.co.uk | 07979 626 323

MARKETING DETAILS