Class E Showroom / Gallery / Office to Let, Holland Park, W11
Ground Floor & Basement, 8 Addison Avenue, Holland Park, London W11
Situation & Location
The property is situated on the the eastern side of Addison Avenue, close to the junction with Holland Park Avenue and thus lies in the hear of one of London’s wealthiest residential areas. The shopping and restaurant amenities of Holland Park Avenue and Westfield London are close by, as are excellent transport links via Holland Park Underground (Central Line) and Shepherds Bush Overground with its frequent connections to Clapham Junction.
View Photo GalleryDescription & Accommodation
The property comprises a self-contained ground floor and basement office/showroom/gallery, within Use Class E, providing the following accommodation:
| Ground floor sales | 427 sq ft | 39.7sq m |
| Ground floor ancillary | 39 sq ft | 3.6 m |
| Basement meeting room | 220 sq ft | 20.5 sq m |
| Basement kitchen and breakout area | 210 sq ft | 19.5 sq m |
| Under pavement Vaults Storage | 86 sq ft | 8 sq m |
Amenities
Central Heating | Air Conditioning | Shower | Two WC’s
Rent
£42,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews (if lease longer than five years).
Lease
A new lease is available for a flexible term to be agreed, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954.
Other Charges
Contribution to building insurance (currently £650 pa) and service charge (currently £600 pa).
EPC
TBC.
Business Rates
The rateable value for the premises is £35,500 and the rates payable for the current year ending 31/03/24 are £17,714. Qualifying businesses may be eligible for retail relief, currently 75%. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Property is not VAT opted.
Legal Costs
Each party to bear their own.
Possession
From April 2024.
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.
