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£150,000

Highgate High Street, Highgate, London, N6

  • 0 beds
Other

£150,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£685 per month

Minimum deposit amount:

£7,500
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Business for sale as a transfer of a going concern. The property will be sold as a good will asset with fixture, fittings and staff. This business trades as a unisex hair salon, well-located on Highgate high street and has been established for 36 years. This (E) use class comprises of two floors, ground floor and a lower ground floor. The ground floor has a reception area, a service area with two barber stations and a wash bay, this leads to the back of the shop where you have another 4 stations with 2 wash bays. The lower ground floor has 3 stations, storage area, kitchen/laundry/staff room, W/C, rear access and an outdoor store.

There are 3 stylists.

The shop trades over 6 days, Sundays are closed.

There is a premium allocated for the business.

Premium ?150 000

The shop measures in the region of 75m2 (814sqft).

Tenure:
An assignment of the existing lease of 12 years with 8 years remaining, expires on 26th March 2030.

Rent reviews every 3 years

Tenant only break clause in 29th March 2024 (6 months' notice)

Rent: ?33,000pa

Location:
? Situated on Highgate High Street and is within easy walking distance of Highgate Station (Underground) Northern Line and is well served by numerous bus routes.
? Within close proximity to Hornsey (Over Ground).
? Benefits from high levels of footfall and a constant flow of traffic.

Local High Street:
Nearby retailers include Tesco's Express, Gail's and a number of independent restaurants & retailers.   

Business Rates:
?11 227.50

Conditions: All parties to be responsible for their own legal costs.
Incoming tenant to be responsible for landlord legal costs.

References: A charge of ?100 + VAT is payable for taking up references on behalf of proposed tenants. This fee is non- refundable after the references have been taken up, whether or not they have been accepted by the landlord

Viewing: Strictly via the owner's agent, MARTYN GERRARD COMMERCIAL DEPARTMENT. Please contact a member of our commercial team on 020 8444 3445.
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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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Property details

£150,000

property for sale

Highgate High Street, Highgate, London, N6
Business for sale as a transfer of a going concern. The property will be sold as a good will asset with fixture, fittings and staff. This business trades as a unisex hair salon, well-located on Highgate high street and has been established for 36 years. This (E) use class comprises of two floors, ground floor and a lower ground floor. The ground floor has a reception area, a service area with two barber stations and a wash bay, this leads to the back of the shop where you have another 4 stations with 2 wash bays. The lower ground floor has 3 stations, storage area, kitchen/laundry/staff room, W/C, rear access and an outdoor store.

There are 3 stylists.

The shop trades over 6 days, Sundays are closed.

There is a premium allocated for the business.

Premium ?150 000

The shop measures in the region of 75m2 (814sqft).

Tenure:
An assignment of the existing lease of 12 years with 8 years remaining, expires on 26th March 2030.

Rent reviews every 3 years

Tenant only break clause in 29th March 2024 (6 months' notice)

Rent: ?33,000pa

Location:
? Situated on Highgate High Street and is within easy walking distance of Highgate Station (Underground) Northern Line and is well served by numerous bus routes.
? Within close proximity to Hornsey (Over Ground).
? Benefits from high levels of footfall and a constant flow of traffic.

Local High Street:
Nearby retailers include Tesco's Express, Gail's and a number of independent restaurants & retailers.   

Business Rates:
?11 227.50

Conditions: All parties to be responsible for their own legal costs.
Incoming tenant to be responsible for landlord legal costs.

References: A charge of ?100 + VAT is payable for taking up references on behalf of proposed tenants. This fee is non- refundable after the references have been taken up, whether or not they have been accepted by the landlord

Viewing: Strictly via the owner's agent, MARTYN GERRARD COMMERCIAL DEPARTMENT. Please contact a member of our commercial team on 020 8444 3445.