Lease to be assigned and business for sale.
This well positioned unit is situated in the heart of Southgate, High Street, among multiple and independent traders, this unit is in a prominent position.
Conveniently situated for Southgate Station (Piccadilly line).
All viewings strictly by appointment only
Assignment of existing Lease
The unit has a maximum internal depth of 51’6 (15.71m), with an internal width of 17’ (5.18m) across the front, widening to 17’10 (5.44m)
The rear section is arranged with a kitchen and WC facilities.
Lease: Assignment of 20-year term – commenced in September 2009, with a 5 yearly rent review pattern.
Current passing rent: £24,000 PAX.
Legal Fees: Ingoing tenant to be responsible for the landlord’s & current lessee legal exit costs.
Business Rates: According to the VOA website, the 2017 Rateable Value is £29,500 – interested parties are advised to make their own enquiries with the London Borough of Enfield.