North Nineteen, 194-196 Sussex Way, London, N19 4HZ

North Nineteen is a three storey detached property of brick construction under a flat roof. It incorporates an attractive trade terrace seating area along the front and side of the property and a rooftop courtyard providing year-round customer use.

Internally, there are two distinct trade areas, each with their own bar servery, exposed wood flooring and large picture windows. The upper floor provides a commercial kitchen and flexible living accommodation which can be used by owners/staff or let out as B&B.

The business operates as a sports and events bar and previously, as a highly popular eating establishment, serving the large local diverse community. The regular trade is increased on football match days due to being located near to the local Arsenal FC Emirates Stadium. The pub shows various daily live TNT Sports TV events and runs a number of events such as open mic nights to drive trade midweek.

North Nineteen is public house on the corner of Kingsdown Road & Sussex Way in Upper Holloway, North London. It is within walking distance of Archway Underground station (Northern Line), Upper Holloway and Crouch Hill Overground stations and is accessible from a number of North London bus routes. It is located in a densely populated residential area which in recent times has seen a rise in young professionals. Arsenal Football Clubs Emirates stadium is only a mile away from the property and the pub is used by supporters pre and post game.

Public trade areas:
• Bar area with servery (30+ seating) and W.C.s
• Games room with servery (Pool and Darts) and W.C.s

Basement:
• Cellar

First Floor:
• Commercial Kitchen
• 1x 1 bed and 1x 2 bed self contained flats with bathroom and kitchen facilities.

Second Floor:
• 1x 4 bed self contained flats with bathroom and kitchen facilities.

All trade fixtures and fittings in the property are included in the sale.

There is a huge opportunity to increase the trade performance of the business by increasing the range and frequency of weekly entertainment activity. Despite having a fully fitted commercial kitchen, the business is not currently serving food so relaunching a food offer will drive additional clientele to the business for internal and al fresco dining. Due to having two distinct trade areas and a rooftop courtyard, there is also ample opportunity to increase function trade throughout the week.

Any staff who wish to stay on in the business will transfer in accordance with the Transfer of Undertakings (Protection of Employment) Regulations.

The trading accounts, provided to us by the owner, show for the year ending July 2023, a turnover of £237,616 net of VAT. Full Trading Profit and Loss Accounts will be made available to seriously interested parties on request after a formal viewing of the business has been undertaken.

The properties opening hours are as follows:

Monday to Thursday 4pm - 12am
Friday to Saturday 12am - 1am
Sunday 12:00pm – 10:30pm

A copy of the premises licence will be available to view on request.

Property is held on a 25 year lease from Stonegate Pub Company expiring November 2032 at a passing rent of £33,875 pa, subject to five year reviews. The lease is granted inside the security of tenure provisions inside the 1954 Landlord and Tenant act. A full business plan application plus two Personal guarantors and a three month deposit are required by the landlord.

The VOA lists the property as a public house with a rateable value of £9,000 from April 2023. The local authority is Islington Council.