6 Lauderdale Parade Lauderdale Road, Maida Vale London W9 1LU

6 Lauderdale Parade
Lauderdale Road, Maida Vale
London
W9 1LU

Affluent West London Suburb Café Investment

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Withdrawn Prior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
Auction Venue
Live Streamed Auction

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Affluent West London Suburb Café Investment

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Status Withdrawn Prior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

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.