CHARTERED SURVEYORS • LICENSED LEISURE SPECIALISTS
FREE OF TIE LEASE – MAIDA VALE
THE RED SQUIRREL
46 CHIPPENDHAM ROAD MAIDA VALE
LONDON W9 2AF
• Between Westbourne Park and Maida Vale tube stations
• Prominent crossroads position
• Free of all ties
LEASEHOLD OFFERS INVITED (VAT may be payable in addition)
FOR FURTHER INFORMATION PLEASE CALL JAMES GRIMES ON 020 7836 7826 ([email protected])
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LOCATION The property fronts Elgin Avenue at its crossroads junction with Chippenham Road in the Maida Vale district of London, which falls within the City of Westminster. The local area comprises predominantly residential accommodation and there is a small parade of retail shops opposite the Red Squirrel. The nearest underground railway stations are that of Westbourne Park to the south and Maida Vale to the north east.
A location plan is attached.
DESCRIPTION The demise forms theg round floor and basement part of a large detached four storey over basement Victorian style property with single storey extension to the rear and outdoor patio to front.
The ground floor bar is set out in a traditional style and partially divided into sections with a central bar counter and adjoining open plan grill / preparation area. There is a skylight to the rear together with ladies’, gentlemen’s and disabled customer WC’s.
At basement level there is a large chilled beer store and ancillary storage which extends beneath the pavement area to the front and side of the building.
The upper floors provide six self-contained flats which are not included in the lease.
From our site measurements we calculate that the property has the following approximate gross internal floor areas:-
Sq m Sq ft Ground floor trading & ancillary 203 2,191 Basement cellar & stores 138 1,490
NB: The above measurements are provided for guidance purposes only and no reliance should be placed on these when making any offer to
purchase either expressly or impliedly and for the avoidance of doubt AG&G will not be liable for any losses howsoever arising in law as a result of the bidder placing any reliance on such measurements. The successful bidder should state if they wish to undertake a measured survey prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
PREMISES LICENCE The property benefits from a Premises Licence which permits the sale of alcohol from 10:00am until 12:30am each day with the exception of Sunday when alcohol may be served from 11:00am until 11:00pm.
SERVICES We have been advised that the property is connected to all mains services.
LOCAL TAXATION The property is listed as a Public House and Premises and has a Rateable Value of £47,000 with effect from April 2010.
PLANNING From informal enquiries of Westminster City Council we have been advised that the building is not Listed as being Special Architectural or Historical Interest nor does it lie within a conservation area.
TENURE Leasehold. Twenty years with effect from 2011 on an internal repairing and insuring lease of the ground floor and basement parts of the property. Rent reviews five yearly. The initial rent is £58,000 per annum on a free of tie basis.
VIEWING AND FURTHER INFORMATION The staff and management are unaware of the intended sale and therefore it is requested you respect the Vendor’s wish to keep the matter confidential. The sale must not be discussed with any staff or customers.
Discreet viewing on a customer basis is encouraged initially. For further information and full inspection please speak to James Grimes at the sole selling agents AG&G on 020 7836 7826.
NB: This plan is based upon the Ordnance Survey Map with the sanction of the controller of HM Stationery Office. Crown Copyright reserved. This plan is published for convenience of purchasers only. It is for indicative purposes only, it’s accuracy it is not guaranteed and is expressly excluded from any contract. © Crown Copyright ES 100033218.
