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The broadway, N14

Location:n14 , southgate
Price:£ 28000 pa
Status: To Let

Property Attributes

Price
£ 28000 pa
availability
To Let

Property Description

A wonderful, double fronted ground floor shop (2 bedroom flat above included) located just a stone’s throw away from Southgate Station (Piccadilly line). The flat above is let at £1,300pcm which effectively brings the rent of the shop down to just £12,400p.a. The property boasts benefits such as a large frameless glass shopfront, one rear parking space, an outdoor patio, as well as a staff WC and storage room, air conditioning and a compliant disabled toilet, in addition to a total floor space of 946 square feet. The property is currently used as a tea / coffee house under permitted A1 use. The existing lease expires in September 2021 so there is the prospective opportunity of discussing new lease terms altogether should this be a request (subject to Landlords consent). Location The unit is ideally situated on the Broadway Parade and directly opposite Southgate Tube Station itself. Other known brands such as Costa, Barclays Bank and Sainsburys occupy the same high street. Business Rates Kindly refer to the Local Authority for accurate information on the rates payable. Legal Costs Incoming Tenant responsible for both parties (reasonable) legal costs. Tenure Lease assignment but with the possibility to negotiate a completely new lease subject to Landlords consent. Rent for the whole building is £28,000p.a Rent received for the 2 bedroom flat above is £15,600p.a Net Rent for the shop is just £12,400p.a Use Class: A1 Premium: POA An administration fee of £150+VAT to reference prospective Tenants will be payable. Please contact one of our commercial property agents at your earliest convenience to avoid potential disappointment and to arrange an accompanied viewing.

Property Features

  • Large frameless glass shopfront
  • Air conditioned
  • 946 square feet of trading space
  • Located in a prominent position
  • Just a stone’s throw away from Southgate Tube Station
  • 2 bedroom flat included in the rent which generates £15,600p.a in income
  • Net rent for the shop itself is just £12,400p.a
  • Double fronted
  • Use Class: A1
  • Premium: POA
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