Location: The property occupies a prominent position at the junction of Highgate Hill, Hornsey Lane, Dartmouth Park Hill and Highgate High St in the London Borough of Islington. Highgate Village is 400 metres to the north of the property. Archway underground station (Northern Line) is 650 metres to the south of the property.
Property Description: The Tourian Lounge is an imposing Victorian property constructed of brick under a pitched slate tiled roof. The property is arranged on the basement, ground and two upper floors.
Basement: Re furbished area with chilled beer cellar, prep kitchen, fridge/freezer and storage area.
Ground floor: Substantial restaurant area for 50 covers, open plan kitchen, bar servery, secondary restaurant area for 20. Garden restaurant trade area for 30. Ladies & Gents WC’s.
First Floor: 6 letting rooms with bathroom and WC’s
Second Floor: 7 letting rooms with bathrooms and WC’s
External: Trade garden to the front of the premises. Side car parking for 20 cars.
Site: 11,565 sq. ft
Services: We are advised that the property is connected to all main services
Licensing: The property has a Premises Licence and sells alcohol Monday to Wednesday 10.00 to 23.00, Thursday to Friday10.00-1.00 and Sunday 12.00 to 22.30.
Rateable Value: £30,000
Planning: We understand the property is locally listed and trades under an A4 Planning class.
Tenure: We understand the premises are held on the remainder of a 30-year Enterprise Inns Lease from the 6th of December 1995.The current rent is £112,500. The lease is free of tie and renewable under the 1954 Landlord & Tenant Act (Part 2)
VAT: All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be added where applicable. In most cases VAT is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.
The Business: The Tourian Lounge operates as a middle eastern bar and restaurant with an average weekly turnover of £10,000 per week. The hotel lettings are approx. £6,000 per week. The property is run under management and the staff are unaware of the sale.
Price: Offers invited for the leasehold interest to include fixtures and fittings.
Property Type: Public house & hotel
EPC: Available on request.