Ground floor cafe let until Feb 2035 (no breaks) t/a Caffe Bianco
Highly prestigious and affluent North West London location
Immediate proximity to Abbey Road and Lords Cricket Ground
400 metres from the World Famous Beatles Crossing on Abbey Road
VAT Free Investment
Lot 19
Auction 2nd November 2023
Rent £20,000 per Annum Exclusive
Status Sold
Price £271,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles north of London’s West End
Roads
A41 Wellington Road/Finchley Road
Rail
St John’s Wood Underground Station (Jubilee Line), Maida Vale (Bakerloo Line)
Air
London Heathrow, London Luton and London City Airports
Situation
St. John’s Wood is a highly affluent and prestigious North London district situated just north of Regent’s Park and is home to the world famous Lords Cricket Ground. The property is well located on Blenheim Terrace close to its junction with Abbey Road. The immediate vicinity predominantly comprises an eclectic mix of restaurants and cafes including Pizza Express as well as attractive terrace houses.
Tenure
Virtual Freehold. Held for a term of 999 years from 29/09/1987 at a ground rent of one white rose.
Location
Miles
1.5 miles north of London’s West End
Roads
A41 Wellington Road/Finchley Road
Rail
St John’s Wood Underground Station (Jubilee Line), Maida Vale (Bakerloo Line)
Air
London Heathrow, London Luton and London City Airports
Situation
St. John’s Wood is a highly affluent and prestigious North London district situated just north of Regent’s Park and is home to the world famous Lords Cricket Ground. The property is well located on Blenheim Terrace close to its junction with Abbey Road. The immediate vicinity predominantly comprises an eclectic mix of restaurants and cafes including Pizza Express as well as attractive terrace houses.
Tenure
Virtual Freehold. Held for a term of 999 years from 29/09/1987 at a ground rent of one white rose.
Description
The property comprises a ground floor cafe forming part of a larger terraced building with self-contained residential accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor cafe forming part of a larger terraced building with self-contained residential accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Retail
27.50
(296)
INDIVIDUALS t/a Caffe Bianco
20 years from 03/02/2015 until 02/02/2035
£20,000
03/02/2025 and five yearly
Total Approximate Floor Area
27.50
(296) (1)
£20,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
