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106 STROUD GREEN ROAD, FINSBURY Park, LONDON, N4

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106 STROUD GREEN ROAD, FINSBURY Park, LONDON, N4 David Baroukh Associates LLP 6A Wimpole Street, London, W1G 8AL Tel: 020 7323 1010 Fax: 020 7323 6600 www.dbaprop.co.uk Simeon Cohen 020 7631 2242 [email protected] James Dunitz 020 7631 2245 [email protected] 106 STROUD GREEN ROAD , FIN S BURY PARK , LONDON , N4 3EM David Baroukh PRIME FREEHOLD RESTAURANT IN NORTH LONDON 020 7631 2244 N4 [email protected] Investment Summary • Freehold restaurant benefiting from first floor self contained five bedroom flat. • Prominent corner location at the junction of Stroud Green Road, Upper Tollington Park and Tollington Park. • Located less than 10 minutes walk from Finsbury Park Underground Station. • Nearby occupiers include Tesco Metro, JD Wetherspoon, Post Office, William Hill and Coral in addition to a number of local cafes and restaurants. • Let on an overriding lease to Nando’s Chicken Land Limited with 18.75 years unexpired. • Passing rent of £87,684 per annum. • Offers are invited in excess of £1,580,000 reflecting a Net Initial Yield of 5.25% subject to contract and exclusive of VAT. Communications Finsbury Park benefits from excellent road and public transport communications. Stroud Green Road (A1201) connects to Seven Sisters Road (A503) which leads to the A10 approximately 3.2 km (2 miles) east and the A1 approximately 1.3 km (0.8 miles) west. The A10 provides direct access to Central London approximately 7.2 km (4.5 miles) south, and the North Circular Road (A406) approximately 4.3 km (2.7 miles) north. The A1 leads to City Road (A501) approximately 3.5 km (2.2 miles) south providing access to Mid Town and The City, and north to the A406 6.8 km (4.2 miles) away which in turn links to the M1 Motorway. Finsbury Park Underground (Piccadilly and District Lines) and Rail Stations are located less than 10 minutes walk south of the Property with Crouch Hill Overground approximately five minutes walk north. A range of bus routes also provide frequent services from Finsbury Park Station to North and Central London. Description The property comprises a prominent early twentieth century end of terrace corner building arranged over two storeys with basement. Nando’s have fully fitted out the ground floor as a restaurant in line with their standard corporate style, including fully fitted feature kitchen and disabled toilet. The unit benefits from return frontage to Upper Tollington Park, and covered outdoor seating area fronting Stroud Green Road. The basement provides two kitchen cold stores, staff room and customer and staff toilets. A five bedroom self contained flat with kitchen and shower room is situated on the first floor and is accessed via Upper Tollington Road. Location Finsbury Park is located in the Borough of Haringey approximately 6.4 km (4 miles) north of Central London, 4.8 km (3 miles) south of Tottenham, 2.7 km (1.7 miles) east of Archway, and 2.4 km (1.5 miles) west of Stoke Newington. The area has benefited from significant investment to the public park and Finsbury Park underground station in recent years and is a popular residential location for young professionals. Immediate surrounding centres to the area include Manor House, Highbury, Holloway, Upper Holloway and Hornsey. EAST RESERVOIR Maps Not to scale For Indicative purposes only B150 CROUCH HILL MANOR HOUSE K R A P Y PARK FINSBUR N O A503 ST R INGT O L UD L WEST G D R TO A E R RESERVOIR E O N R R O K UPPE AD C A105 O T S D O B105 O W SEVEN SISTERS ROAD G R ARK E ARK A1201 E N L LORDSHIP P A Y N FINSBUR E A503 S PARK TOLLINGTON P A1201 HORNSEY ROAD BLACKSTOCK ROAD BROWNSWOOD ROAD ARK B105 CLISSOLD P A103 A503 ISLEDON ROAD M25 A1201 G M25 R HIGHBUR E E N L A N E A10 S A503 ARSENAL Y P SEVEN SISTERS ROAD A103 ARK B104 N ORTH CRCULAR ROAD A503 A105 A1 A406 HORNSEY ROAD HOLLOWA406 M11 AY ROAD A503 TOTTENHAM M1 ARSENAL A1 FC A113 A1 A504 M25 A406 A105 A10 WALTHAMSTOW A1 A1201 A103 HARRINGAY HAMPSTEAD A503 A41 HARRINGAY GARDEN SUBURB A12 CROUCH HILL FINSBURY A107 PARK HAMPSTEAD STOKE HEAT H FINSBURY A107 NEWINGTON A1 PA RK A406 A503 A1201 A10 HIGHBURY A12 D A 106 O R WILLESDEN R A41 A A5 A400 L U C HIGHBURY & R HACKNEY C ISLINGTON H T R O CAMDEN Stroud Green Road, N Finsbury Park, TOWN London KENSAL A40 A1 GREEN MAIDA HILL REGENT’S N4 3EM A404 PA RK A11 A5 A1209 A40 LIVERPOOL STREET A406 A40 PA DDINGTON PADDINGTON CANON STREET A13 LONDON RIVER THAMES HYDE PARK CANNING TOWN KENSINGTON A406 A308 2 1 A4 M4 CHELSEA ES THAM A316 RIVER FULHAM A3 Demographics The Urban Area of Haringey has a population of over 216,500 of which 24.7% is aged 18-29 years and 23.1% is aged 30-44 years. Situation This jointly represents 47.8% of the urban population compared to the Great Britain average of 39.4%. The property is situated on a prominent corner site at the junction of Stroud Mosaic Consumer Classifications have recorded 31.39% of Green Road, Upper Tollington Park Haringey’s Urban Area as Urban Intelligence (young, single and and Tollington Park in a well established mostly well educated individuals with cosmopolitan tastes and retail pitch. Nearby national multiples liberal attitudes), significantly above the Great Britain average include Tesco Metro, JD Wetherspoon, of 7.35%. Post Office, Coral and William Hill. Banking, Finance and Business Services account for 26.60% The area is characterised by a range of the Borough’s Travel to Work Area, significantly above the of retail operators including local Great Britain average of 17.50%. restaurants, cafes, estate agents and residential users. Accommodation Description Sq M Sq Ft Ground Floor Dining area, kitchen and disabled toilet 184.11 1,982 Basement Two cold stores, office and staff room 86.45 930 and customer and staff toilets Ground Floor ITZA 124.63 1,341 First Floor Self contained five bedroom flat No access with kitchen and bathroom Total excluding 270.56 2,912 First Floor Areas are net internal and are provided from our client’s management records Goad Digi ta l2BAR 8/9/2010 ESTA PUR HEALTH GREEN LIFE ST HEALTH FO STYLE OPTICIAN 1 UCHEM 3 N 7 CHEMIST 1 3 UNITED NAILS 5 BEAUTY SALON 1 A2 24 HOUR 3 LOCKSMITH 3A 133B GOLD INSURANCE 1 PIZ R A P PA O E 3 ZE I AP G N 1 RESTAURANT P BAR APPAGONE 1 BAR & 2 PIZZERIA PAPPAGONE 9 PIZZA RESTAURANT 1 2 THE WHITE LION 5 OF MORTIMER - 1 PUBLIC HOUSE 2 WETHERSPOON 7 1 2 MIS NOODLE BAR 3 TAKE AWAY CAFE 1 2 CONTINENTAL 2 1 CAFE 1 DUDLEYS 1 PANCAKE HOUSE 9 TAKE AWAY 1 CORAL 1 7 BETTING OFFICE Finsbur 1 0 TESCO METRO 5 - 1 SUPERMARKET 1 9 yP ar k- 1 UTOP 0 Stroud L IA 5 ADIES WEAR HI 1 TECH 0 E NTERPRISES 3 TEL BUR 1 Green CHEZ LILINE 0 FISH REST 1 FRANCE FRE 9 SH FISH 9 FISHMONGER 1 4 VACANT C 9 7 K STORES H CONV STO & PO A Road R 1 6 T GRANNY’S 9 VALU E TAKE AWAY Tenure E 5 4 MONEY 1 R Freehold HO GDS 7 SMART DESIGN C MENS WEAR 1 O 9 8 M U C FRUIT BASKE 3 T - DOREEN R G 1 REENGROCER HAIR T 9 SUNFLOWER 9 3 Tenancies GALLERY A FLORIST The property is let in its entirety to Nando’s 9 WILLI AM HILL 1 B Chickenland Limited for a term of 25 years ETTING OFFICE FLA 8 VOUR OF ITALY from 1 July 2004 providing an unexpired D 9 ELICATESSEN term of 18.75 years. The current rent CHRISTOPH ER 8 CHARLES 7 ES passing is £87,684.14 per annum. The lease TATE AGENT benefits from five yearly open market rent TO reviews the next being on 1 July 2014. LLIN GTON 1V 62 P E 1 A P 64 R P K T U A S B R U L 1N 6 K D R 8 1 I 7 E 0 O C G F P 1 W T 72 T F A Y I 17 A AD H S 4 S O U T F PP 1E A E V 7 V R O 6 E H L T I O S G L C L N L E A C 17 IN L U 8 G H T T E T O & O N R I IN I E R I P A A N S A H N RK F O N V C T E T E F G E S T E H D 8 C A S V N T I I E E S O 5 I H A & L D O P RN AVIE F G S E S 1 F N EST T E AG E E 0 S T N N E AND T 6 O I S T N C B RE G OND STA 8 URA AF EXPR NT E 3 DRY SS CLEANI E NG M 1 ICHA 8 EL 0 1 MORRIS 4 ES VACANT T AG OUTLET CA 1 TS CAF E 0 D 7 ES ART TH IS 2 A T 9 I RESTA ES LUX I STANBUL URANT OFF LICE 1 NCE 00 7 OFF 7 D JUNIOR ICE S 9 ATLA 8 KING 7 S PRO KEBAB LO PERTY S 5 N TAK DON E AWAY ESTAT EAGENT 7 9 3 OFFICE 4 - PETE 9 K 6 RE Covenant 7 STAURA V NT A 1 CANT O The original Nando’s restaurant opened in South Africa in UTLET 9 ACHOM 1987 and the company has now grown to operate from over 2 AND PARTNERS 25 countries globally.
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