The subject property is situated in the heart of Highgate Village on the north side of Highgate High Street, west of the junction with Townsend Yard and east of Pond Square.
Highgate Village is one of the most sought after residential areas of North London. The property is surrounded by a mix of high street chains, pubs, restaurants and independent shops, which include; Barclays Bank, Tesco Express, Pizza Express, Caffè Nero, Strada, Côte Brasserie and Café Rouge, Le Pain Quotidien, Gails Bakery, Costa, Lloyds Bank, Barclays Bank, The Angel Inn, The Bull, The Dukes Head, and The Flask.
Highgate School is situated circa 200m to the north-west of the property on North Hill.
Highgate London Underground Station (Northern Line) is circa 750m to the north.
Highgate High Street (B519) is the main road passing through the Village and connects with Hampstead Lane and Highgate West Hill at its western extremity.
To the south-east, Highgate High Street becomes Highgate Hill, which intersects with Archway Road, Holloway Road and Junction Road, 1km from the property. There are several bus routes that serve Highgate High Street with connections to Finsbury Park, Brent Cross, Holloway and Crouch End.
The property comprises a four storey mid terrace retail unit (A1 Use) and residential upper parts. The ground floor and basement are currently let at £26,350 pa on a single fully repairing and insuring lease for a term of 25 years from 3rd December 2007, with provision for five yearly rent reviews. The rent review effective 3rd December 2017 is outstanding.
The residential maisonette has been sold off on a 99 year lease from March 1983 at a nominal ground rent.
The ground floor and basement retail element is currently operating as a tea room, configured to provide seating for approximately 25 customers, with additional outside seating within the rear courtyard garden. The basement is currently predominantly used for storage.
Copies of the Leases are available to download from our website.
Freehold for sale subject to the lease to High Tea of Highgate for 25 years commencing 2nd December 2007, with a passing rent of £26,350 per annum. The upper residential maisonette has been sold on a 99 year long lease from 25th March 1983 with a nominal ground rent.
Rateable value: £22,000
Estimated Rates Payable: £10,560 per annum
Service charge: N/A
Local authority: London Borough of Haringay