Ground Floor Commercial Unit for Lease Opposite Southgate Tube Station
Southgate, London
- Status
FOR SALE
- Date Submitted:
05/06/23
- Advert ID
514316
- Leasehold: Offers Invited
- Rent: £35,000
- Turnover: Not Applicable
- Net Profit: On request
Key Features
- New Lease
- Potential for Alternative Use
- Ideal for Full Refurbishment
- Vacant/Empty Premises
- Prime Location
- Central Position in Affluent Village
- Town Centre location
- Adjacent to Multiple Retailers
- Offers Invited
Business Details
Potential Restaurant New lease Available opposite Southgate Tube station
A unique opportunity to rent this ground floor A3 commercial unit (formerly a restaurant) located directly opposite Southgate Tube Station, North London, N14. The property benefits from front and rear access and was previously occupied by a longstanding restaurant. Currently can occupy 65-70 covers.
Positioned on the ground floor and spanning in excess of 1600 square feet, this well situated premises is ideal for any operator looking to be based in a prominent spot within the affluent area of Southgate, coupled with a strong footfall nearby. This property can be used for any Class E purposes including restaurant and office space.
Terms:
Length: New FRI lease for 15 years
Rent: £35,000 per annum exclusive of business rates and insurance. Rent payable Quarter in Advance
Rent deposit: 5-6 months depending on references, with business experience preferred.
Rent Review: 5 years upwards only.
VAT
This building is not elected for VAT
Legal costs
The incoming tenant to pay their own and landlord legal costs.
Map
What's Nearby
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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