Investment for sale - Great Indian, 139 Marlborough Road, London, N19 4NU

<strong>Description</strong><br>The property comprises the basement, ground, first and second floor of a three storey corner building with painted and exposed brick elevations beneath a pitched slate roof behind parapet.<br><br><strong>Accommodation</strong><br>Basement: The basement comprises the trade kitchen and stores.<br /> <br /> Ground Floor: The ground floor provides an open plan trading area with central bar servery and seating on loose tables, chairs and fixed benches for 94 customers. Ancillary areas comprise customer WC’s.<br /> <br /> First & Second Floor: There is separate external access from Sussex Way with the first floor comprising four rooms, kitchen, separate WC and bathroom with shower. There is a small outside roof terrace at this level. The second floor comprises five further rooms, separate WC and bathroom with shower. <br /> <br /> Externally: There is seating for 28 customers held by way of a pavement licence.<br><br><strong>Planning</strong><br>The property is not listed or situated within a conservation area.<br><br><strong>EPC</strong><br>C-52<br><br><strong>VAT</strong><br>It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.<br><br><strong>Fixtures and Fittings</strong><br>The fixtures and fittings are currently owned by the occupational tenant.<br><br><strong>Tenure & Tenancy</strong><br>The property is held freehold (Title Number LN251671). The entire property is let to Christopher & James Limited on a 20 year lease from 16 July 2013. The current rent is subject to five yearly upwards and downwards open market rent reviews and annual uncapped RPI increases (except in the open market review year). In addition the tenant has an obligation to purchase beer from the landlord.<br><br><strong>Release of Tie</strong><br>The landlord may give notice to release the Tenant from any or all purchasing obligations and may chose to review the rent to the market rent by serving a review notice.<br><br><strong>The Tied Income</strong><br>This lease requires the tenant to purchase all beer, cider and flavoured alcoholic beverages cider from the landlord. The purchaser can set up a supply agreement with a supplier, such as Molson Coors, who will supply to the tenant. This will then provide an income from the sale of drinks. The potential total income to the purchaser from the sale of drinks is estimated, but not warranted, to be in the region of £12,500, producing a total potential income of £46,086 per annum. Further details are available to interested parties on request.<br><br><strong>Terms</strong><br>We are instructed to invite offers in excess of £1,000,000 assuming the usual purchasers costs.<br><br><strong>Similar Investment Opportunities</strong><br>If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: https://sites.savills.com/stonegateportfolio<br><br><strong>Money Laundering</strong><br>Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.<br><br><strong>Viewings</strong><br>All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.<br><br>