141 Newington Green Road, London, N1 4RA

£1,300,000

For Sale, Type: Development / Investment, 1,240 sq. ft

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For Sale, Type: Development / Investment, 1,240 sq. ft

Description

Comprises a character four storey and basement building with prominent corner frontage. The ground floor and basement trade as a fish and chip bar called Paradise Fish Bar. The ground floor has serving counter and fryers at the front with kitchen at the rear with full extraction and preparation area. The space benefits from vinyl floor, high ceilings, ceiling spotlights and is in good decorative order.

The basement comprises office space, staff area, WC and shower and has reasonable ceiling height, part tiled/part laminate flooring and fluorescent lighting. There is potential for outside seating along the side of the building. The upper parts comprise two one bed flats on first and second floors and a studio flat on 3rd floor.

The flats are currently let on ASTs with a combined rental of approximately £40,000 per annum.

The commercial is let for a term of 16 years from 1st June 2013 and the current rental passing is £19,500 per annum exclusive. The lease is subject to upwards only rent reviews at 4 yearly intervals with the next rent review due on 1st June 2021.