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9 Campdale Road, London, N7 0EA

Offers in Excess of
£360,000

£426.54 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
844 sq. ft.
(78 sq. m.)
SECTOR
Restaurant for sale
USE CLASS
Use class orders: A3 Restaurants and Cafes
A3

Key features

  • Comprises a ground floor restaurant with full commercial kitchen at basement level.
  • Development potential to convert to residential, subject to getting consents.
  • Pavement in front of property included.
  • Full height glass frontage.
  • Occupiers nearby include Post Office, Budgens, Tufnell Park Tavern and Newsagent, amongst others.
  • To be held on a 999 Year Leasehold with no restriction for development.

Property description

Tenure: Leasehold, 998 years remaining

Investment Consideration:
Gross Initial Yield: 6.09%
Rental Income: £21,945 p.a.
VAT is NOT applicable to this property
Comprises a ground floor restaurant with full commercial kitchen at basement level.
Development potential to convert to residential, subject to getting consents.
Pavement in front of property included.
Full height glass frontage.
To be held on a 999 Year Leasehold with no restriction for development.
Occupiers nearby include Post Office, Budgens, Tufnell Park Tavern and Newsagent, amongst others.


Property Description:
The property comprises a café/restaurant arranged over ground floor and basement, with benefit of owning the pavement in front. Development potential to convert to residential, subject to getting consents

The property provides the following accommodation and dimensions:
Ground Floor: Restaurant/Bar (30 covers)
Basement: Full commercial kitchen, WC
Total area size of 82 sq m (884 sq ft)

Tenure:
Leasehold. Held on a lease for 999 years from 2nd February 2020 at peppercorn ground rent with no restrictions for development.

Tenancy:
The property is at present let to Reyasunshine Ltd for a term of 12 years from 22nd June 2015 at a current rent of £21,945 per annum and the lease contains full repairing and insuring covenants. Upward only rent review on 21.06.2021 and 21.06.2024. No break clause.

Location:
Holloway is an inner-city district of the London Borough of Islington, 3.3 miles (5.3 km) north of Charing Cross, which follows the line of the Holloway Road (A1). The property is located on Campdale Road, close to Tufnell Park Playing Fields and the junction with Tufnell Park Road. Occupiers nearby include Post Office, Budgens, Tufnell Park Tavern and Newsagent, amongst others.

Brochures

9 Campdale Road, London, N7 0EA

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Tufnell Park Station0.3 miles
  • Upper Holloway Station0.4 miles
  • Archway Station0.5 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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