Newly refurbished Gallery / Showroom / Retail / Office to Let
Ground Floor & Basement, 363 Portobello Road, North Kensington, London, W10
Situation & Location
The property is situated at the junction of Portobello Road and Faraday Road, in the section to the north of Golborne Road. This part of North Kensington has become increasingly fashionable with the arrival of Pizza East, Garage 108, Ally Capellino, Meli Melo, Bluebell Café and others. The area is being transformed by the Portobello Square development opposite. View location map.
Description & Accommodation
The property comprises a newly refurbished and extended selfcontained ground floor and basement retail unit, extreml providing the following approximate floor areas:-
| Ground floor sales | 828 sq ft | 77 sq m |
| Basement Sales | 500 sq ft | 46.5 sq m WC |
Rent
£35,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.
Lease
Either A new effectively full repairing and insuring lease is for a term of 10 years
or A new short term internal repairing and insuring lease for up to 5 years, outside the 1954 Act.
Common Expenses
A long term tenant will bear a fair proportion of the cost of maintaining and insuring the building structure.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease.
Energy Performance Certificate
In preparation, copy certificate on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £31,500 and the rates payable for the current year ending 31/03/20 are £. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0208-315-2082.
VAT
The property is opted so VAT will be payable in addition to rent and othe sums.
Possession
Immediate upon completion of legal formalities.
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.
