The Queens 26 Broadway Para 5,683 SF Retail Building London N8 9DE For Sale

The property is located in a highly prominent position on the corner of the Broadway, Elder Avenue and Tottenham Lane. The building is within the heart of the shopping area amongst many well known multiple and local retailers and within an affluent residential area. The area is well served by numerous bus routes.
Highly Prominent Grade II Bar/ Restaurant/ Residential Building Freehold Investment For Sale Comprises a highly prominent Grade II listed building of Victorian construction arranged over lower ground, ground, first, second and third floors. The lower ground provides beer cellar and storage with the ground floor providing a large open plan trading area split up into two main areas being the bar and the restaurant area. The ground floor is presented to a high standard with feature island bar servery, seating and a restaurant area with its own galley kitchen, and benefits from an outside seating area. The first floor provides the commercial kitchen together with 1x3 bed and 2 studio flats which are used by members of staff. The second and third floors are split up to provide 6x1 bed flats, 4 studio flats and 1x2 bed flat.
Grade II Listed Building Ground Floor Bar/ Restaurant With Outside Seating Area Fully Let & Income Producing Total Current Income: £331,460 pax plus Vat 6X1 Bed Flats, 4 Studio Flats & 1x2 Bed Flat Affluent Residential/Commercial Area Total Area 13,723 Sqft Lease assigned to Urban Pubs and Bars Limited The entire Lower Ground, Ground and First floors is Let to Blubeckers Ltd (01994330) on a proportional FR&I Lease for a term of 15 Years from the 24th December 2022 subject to 5 yearly rent reviews at a rent of £170,000 pax plus Vat. The Lease has been assigned to Urban Pubs and Bars Limited (Company Number:088724470) the group trade from over 60 London public houses and bars across 15 London Boroughs. Group revenue for the last 12 months reach £95,000,000 The 11 residential flats arranged on the second and third floors are all Let on separate AST agreements at a total rent of £161,460 pax.