Let to La Piccola Dely Limited (t/a La Piccola Deli) Until 2033
Highly Affluent and Attractive North West London Suburb
500m West of Maida Vale Underground Station and 900m West of Lord's Cricket Ground
Approximately 1.5 miles North of Marble Arch
Situated on Busy Neighbourhood Parade with a Mix of Restaurants, Café's, Delicatessens and other Local Retailers
Lot 2
Auction 21st September 2023
Rent £30,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Leisure
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile West of St John's Wood, 1 mile North from Paddington
Roads
A40, A5, M40
Rail
Maida Vale Underground Station (Bakerloo), Warwick Avenue Underground (Bakerloo Line)
Airport
London City Airport, London Heathrow Airport
Situation
Maida Vale is a highly affluent West London Suburb, located 1.5 miles north of Marble Arch, 1 mile to the north of Paddington and 1 mile to the west of St John's Wood. The property is situated on the south side of Lauderdale Road, less than 500m West of Maida Vale Underground Station and 900m West of Lord's Cricket Ground. The property is part of an attractive parade with an eclectic mix of restaurants, cafes, delicatessens and other local retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from 12/07/2004 at a current fixed rent reserved of one peppercorn per annum.
Location
Miles
1 mile West of St John's Wood, 1 mile North from Paddington
Roads
A40, A5, M40
Rail
Maida Vale Underground Station (Bakerloo), Warwick Avenue Underground (Bakerloo Line)
Airport
London City Airport, London Heathrow Airport
Situation
Maida Vale is a highly affluent West London Suburb, located 1.5 miles north of Marble Arch, 1 mile to the north of Paddington and 1 mile to the west of St John's Wood. The property is situated on the south side of Lauderdale Road, less than 500m West of Maida Vale Underground Station and 900m West of Lord's Cricket Ground. The property is part of an attractive parade with an eclectic mix of restaurants, cafes, delicatessens and other local retailers.
Tenure
Virtual Freehold. Held for a term of 999 years from 12/07/2004 at a current fixed rent reserved of one peppercorn per annum.
Description
The property comprises a ground floor retail accommodation trading as Delicatessen and Café.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
Band C
Description
The property comprises a ground floor retail accommodation trading as Delicatessen and Café.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Café/Delicatessen
61.53
(662)
LA PICCOLA DELY LIMITED (CRN: 06137836) (2)
14 years from 26/02/2019 until 2033
£30,000
26/02/2027 and 2031 (25/02/2033)
Total Approximate Floor Area
61.53
(662)
£30,000
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/406155088) (2) La Piccola Dely operates from 4 outlets in affluent West London locations including Kensington and Holland Park. (www.lapiccoladeli.com)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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