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Broadway Parade, London Annual Rental Of £24,000

  • Decorated To High Standard
  • High Street Location
  • Highly Sought After Location
  • Ground Floor and Basement


Description:

This A1 shop is located on Broadway Parade, Crouch End. The unit comprises of ground floor retail space of approx 70.8 SqM (761 SqFt) approx with wooden flooring, spotlights and a ceiling head height of 3.85 m (12.63 ft2) and further benefits from a basement space of approx 24.4 SqM (263.3 SqFt). Currently trading as an independent coffee shop.

There is a range of newly purchased Kitchen equipment being offered in the premium as well as the good will and lease.

Location:

- Situated close to the intersection of Tottenham Lane and Elder Avenue.
- With ease of access to the YMCA, Post Office, Priory Park, Virgin Active and other local amenities.
- Having Crouch Hill Station as its nearest public transport link being serviced by a range of bus routes
- Within easy access of Hornsey, Highgate, Muswell Hill, Stroud Green and surrounding areas.

Local High Street:

Based within Crouch End are a range of multiple retailers such as Waitrose, Tesco’s, Costa Coffee, Barclays Bank, Carphone Warehouse, Virgin Active, Art House Cinema and a large number of other multiple retailers as well as smaller boutique style outlets.

Tenure:

Assignment of the existing 20 year Lease (Commencement 2006)

Rent:

£24,000 PAX

Premium:

£65,000 o.n.o

Business Rates:

Interested parties are invited to make their own investigation as this figure may not include any rate relief which may apply.

Hamilton Chase are in full compliance with the Tenant Fee Act 2019. Below we outline the Permitted Payments allowed under the Act, and under what circumstances those payments may be charged. It should be noted that the Tenant Fee Act 2019 only applies to Assured Shorthold Tenancies and as such fees for other tenancy types may still apply.

Holding Deposit (per tenancy): One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year): Five weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent of £50,000 or over per year): Six weeks' rent.
This covers damages or defaults on the part of the tenant during the tenancy.

Rent: Rent will be agreed in advance of the tenancy. The rent will be reviewed at the conclusion of each fixed term in accordance with the relevant clauses and provisions in the tenancy agreement.

Unpaid Rent: Tenants are liable for reasonable cost incurred by the Landlord, as breach of terms of tenancy. 

Utilities, Council Tax, Communication Services and TV Licence: Tenants are responsible for paying bills in accordance with the tenancy agreement which will usually include council tax, utility payments (gas, electricity, water) and communication services (broadband, TV etc).

Lost Key(s) or other Security Device(s):Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant's Request): Tenants are liable for reasonable cost incurred by the Landlord, as breach of terms of tenancy. 
 

Change of Sharer (Tenant's Request): £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenant's Request): Should the tenant wish to leave their contract early, they shall be liable to the landlord's costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Hamilton Chase is a member of the Property Ombudsman (01067) & Propertymark Client Money Protection Scheme (C0016301).


Broadway Parade
London N8 9DB
County: Greater London
Sale Type: Under Offer
Ref #: HC157

Broadway Parade
London N8 9DB
County: Greater London
Sale Type: Under Offer
Ref #: HC157
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