Shop to Let – Prominent Corner Location, Notting Hill Gate W11
Ground floor, 237 Portobello Road, Notting Hill, London W11
Situation & Location
The property is prominently situated at the junction of Portobello Road and Hayden’s Place, and thus benefits from the high footfall of both tourists and residents associated with this world-famous location. Other traders represented in the block include Jovonna London, Starbucks, Love Hate Social Club and Oakberry. Tesco Express and Greggs are opposite.
Description & Accommodation
TThe property comprises a self-contained ground floor retail unit providing retail sales of approximately 500 sq ft 46.5 sq m with kitchenette and WC to the rear.
Guide Rent
£72,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new lease is available for a term of 10 years, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954.
Common Expenses
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
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.
Business Rates
The rateable value for the premises is £44,500 and the rates payable for the current year ending 31/03/278 are £17,000. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
EPC
In preparation.
VAT
To be confirmed.
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.
