Description
The property comprises a double fronted mid-terraced building set over ground and basement with separate access to a two storey upper part. The property includes a beer garden and front forecourt.
Location
Located in one of North West London’s most popular location’s of Kentish Town, within the London Borough of Camden. The nearest station is Kentish Town Tube on the Northern Line which is within 1/2 mile.
Accommodation & income
Ground floor, 624sq.ft with male and female WC’s and the basement 732sq.ft. Let on a repairing and insuring lease to Torriano Public House Ltd (with personal guarantor) for 20 years from 12.12.2012 at £37,500 per annum with 5 yearly rent reviews. The first and second floors are sold
off on a 999 year lease from 01.05.2013 at a ground rent of £300 per annum for the first 99 years then peppercorn thereafter. Equivalent to £37,800 per annum.
Terms
Offers in excess of £420,000 for the freehold interest.
VAT
We understand that the property is elected for VAT and thus will be charged on the sale.
Further information
Buyers should be aware the tenant has been in occupation for 10 years and you can research them on www.torriano-bar.com.
