Shop Lease Available Adjacent to Office Shoes, Notting Hill, W11
Ground Floor, 204 Portobello Road, Notting Hill, London, W11
Situation & Location
The property is situated on eastern the side of Portobello Road , close to the junction with Westbourne Park Road. Other retailers located close by in this world famous market street include Office Shoes, Comvita, Coffee Republic, Poundland & Starbucks. View location map.
Description & Accommodation
The property comprises a self-contained ground floor retail unit providing the following approximate dimensions and floor areas:-
Internal width: | 15'5'' | 1.43 sq m |
Shop Depth | 61'7'' | |
Ground floor sales | 894 sq ft | 83 sq m |
Terms
An assignment of our client's leasehold interest, having a term of 10 years from June 2014, at a current rent of £89,000 per annum, subject to review in 2015.
Legal Costs
Each party to bear their own costs; assignor to bear Landlord's costs in connection with Licence to Assign; assignee to bear Landlord's costs in connection with any Licence to Alter.
Energy Performance Certificate
Energy Performance Asset Rating 181 (Band G) Copy EPC and recommendations on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £46,500 and the rates payable for the current year ending 31/03/15 are £22,292. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
Possession
Immediate upon completion of legal formalities.
Contact
Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.