Retail & Catering Premises plus Development Opportunity in North London For Sale

Situated in a parade, not far from Euston Station, residential & commercial area, NW LONDON

Price £650,000

Features

Long Leasehold Retail / Catering with Development Potential

NEWLY FITTED 2018 due to fire

FRONT FORECOURT

The business currently trades as a Shoe Shop, which could obviously be continued or in our opinion there is potential for other Retail & Catering trades, if desired.

SINGLE FRONTED PREMISES in the region of 1,285 ft². with ELECTRIC SHUTTERS. Suspended ceiling with LED lights. Work Shops.

Basement in the region of 850 ft², with potential to convert to a flat subject to planning permission (next door has utilised the forecourt to make access to the basement.

2 Rooms
Toilet with w.c. and wash hand basin
Kitchen

Tenure

LONG LEASEHOLD.

999 year lease granted in 2004 with Peppercorn ground rent

Business Rates from April 2023 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS WAS OPENED IN 1956 BY THE VENDOR'S FATHER. THE PRESENT OWNER TAKING OVER IN 1985.

Price

TO INCLUDE THE LONG LEASE, FIXTURES & FITTINGS £650,000 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote