New Restaurant & Retail Units To Let, Notting Hill, W11
2 Units Remaining
253 Portobello Road, Notting Hill, London W11
Situation & Location
The property side forms the north west corner of the junction between Portobello Road and Lancaster Road. It is thus one of the most prominent and important sites on this world famous destination. Other retailers located nearby include Jovonna London, Greggs, Ukai Sushi; Tesco Metro. Food and beverage operators in Portobello include Pizza East, The Electric and the Ginstitute. View location map.
Description & Accommodation
253 Portobello Road is has been the subject of a complete refurbishment and re-arrangement to provide a highly visible terrace restaurant at first and second floors with three retail units below having the following net internal floor areas: floorplans available on request: Scheduled completion Oct 2018.
| Restaurant First and Second Floor | ||
| Private street entrance leading via stairs to:- | 134 sq ft | 12.41 sq m 40 covers approx |
| First Floor | 579 sq ft | 53.78 sq m |
| First Floor Covered Terrace | 525 sq ft | 48.6 sq m |
| Second Floor | 525 sq ft | 48.77 sq m |
| Total | 1,761 sq ft | 163.56 sq m |
| Current Premises Licence to 10.30pm | ||
| Retail Unit I (corner frontage) | ||
| Ground floor sales | 1,024 sqft | 95.16 sq m |
| Basement | 418 sq ft | 38.36 sq m |
| Vaults | 75 sq ft | 6.98 sq m |
| Total | 1,512 sq ft | 140.50 sq m |
| Retail Unit 2 (Lancaster Road frontage) | ||
| Ground floor sales | 337 sqft | 34.3 sq m |
| Basement | 396 sq ft | 20.3 sq m |
| Total | 735 sq ft | 68.3 sq m |
| Retail Unit 3 (Lancaster Road frontage) | ||
| Ground floor sales | 267 sq ft | 24.8 sq m |
| Basement | 267 sq ft | 24.8 sq m |
| Total | 534 sq ft | 49.6 sq m |
Rents
The annual quoted rents for the units are as follows, and will be subject to five yearly upward only review.
Restaurant First and Second Floors: Offers in excess of £95,000 per annum - Under Offer
Corner Retail Unit 1: £89,500 pa
Lancaster Road Retail Unit 2: £35,000 pa
Lancaster Road Retial Unit 3: £25,000 pa - Under Offer
Lease
New effectively full repairing and insuring leases are available for a term of up to 15 years.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease; incoming tenant to bear both parties professional fees in connection with any Licence to Alter.
Energy Performance Certificate
An EPC will be prepared and is available on request.
Business Rates
To be reassessed on completion.
VAT
The property is VAT opted and VAT will be chargeable in addition to quoted rents.
Possession
Completion of the project is scheduled for late October 2018.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@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.
