Stoke Newington Church Street, N16

Stoke Newington Church Street

Stoke Newington, London N16
Type: Commercial

Rent: £40000p.a

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Summary

WELL POSITIONED ground floor shop and basement with upper floor split level flat.

Accommodation

Michael Naik & Co offer this ground floor shop and basement currently being occupied by a takeaway pizzeria, additionally benefitting from a split level upper floor flat comprising of an open plan kitchen/lounge, shower room and two well proportioned bedrooms.

PREMIUM - £75,000

Current use - A5

Business Rates - rateable value of £18,000 (as taken from Gov.uk) This is not the amount you will pay, the rateable value is used to calculate your bills.

The upper flat is currently achieving per month on an AST expiring 15th January 2022.

We have been advised that the pizzeria is currently taking circa £2000 per week.

VAT - Under the Finance Acts 1989 and 1997 VAT may be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.

We new 15 year lease at £40,000 per year has been agreed in principle with the freeholder, with rent reviews every 5 years.

Legal Costs - Ingoing tenant to bear both sides resonable related legal costs.

Viewings - Via owners agents , Michael Naik & Co Ltd

Location Map

Tel: 020 7249 0272 Email: contact@michaelnaik.com

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