Retail Shop to Let, Kensington, W8
Ground Floor, 14 Holland Street, Kensington, London W8
Situation & Location
The premises lie on the western side of Holland Street close to its junction with Kensington Church Street. The property forms part of an exclusive retail enclave which serves the wealthy residential population. Traders nearby in the street include Willer, Richard Young Gallery, Cool Cuts and Wilfords.
Description & Accommodation
The property comprises a self-contained ground floor retail unit providing the following approximate floor areas:-
| Shop depth | 33' 10'' | 10.3 m |
| Internal width | 11' 11'' | 3.63 m (narrows to 6’9” 2m) |
| Ground floor sales area including kitchen to rear | 357 sq ft | 33 sq m |
Rent
£36,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new lease is available for a term of 15 years.
Service Charge
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
Legal Costs
Each party to bear their own.
EPC
In preparation - copy report and recommendations available on request.
Business Rates
The rateable value for the premises is £36,500 and the rates payable for the year ending 31/03/23 are £18,213 or £9,106 after 50% retail relief for qualifying businesses. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Will not apply
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.
