Maida Vale Restaurant, Little Venice, London, W9

  • Restaurant
  • 1,000 sq ft
  • Lease Assignment
Maida Vale Restaurant, Little Venice, London, Restaurant Lease Assignment - Chakra confidential party details photo.jpg
Property Type Restaurant
Tenure Lease Assignment
Size 1,000 sq ft
Energy Performance Rating Upon enquiry

Little Venice Restaurant

Key Features

  • 5 Min Walk from Warwick Avenue Station
  • Prominent Frontage
  • Affluent Residential Area
  • Ground and Basement

Description

The premises have an organised basement and ground floor. Towards the front, there is an outside seating area for approximately 4 covers. The ground floor is well-fitted with table seating and a designated bar area. The basement contains a kitchen, storage and restrooms for patrons.

Available area

The accommodation comprises the following areas:

Name sq ft sq m
Ground 500 46.45
Basement 500 46.45
Total 1,000 92.90

Location

The unit is in a vibrant residential neighbourhood, right next to Warwick Avenue Station (Bakerloo Line) and a short walk from Paddington Station. It's positioned on a prominent food and beverage street in a populated area, including independent operators such as The Red Pepper, Da Daniela and The Warwick Castle.

Tenure

An assignment of Full Repairing and Insuring lease, until June 2034 and subject to 5 yearly rent reviews. The Lease is drawn inside the security of tenure provisions of the Landlord and Tenant Act 1954.

Passing Rent

£31,000 per annum exclusive.

Premium

Offers in the region of £100,000

Planning/ Licence

The premises hold an E-class planning use, and a premise licence in place with the usual restaurant hours and conditions.

VAT

All prices are quoted may be subject to VAT if applicable.

Confidentiality

This sale is highly confidential and under no circumstances should be a direct approach be made to staff as they are unaware of an impending sale.

Holding Deposit

A holding deposit will be required to secure the property, the deposit will buy a period of exclusivity and will be held in the CDG Leisure client account.