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A2 Office/A1 Retail Unit for Sale or to Let, Bayswater

Ground floor, 1 Hereford Road, Bayswater, London, W2

>A2 Office/A1 Retail Unit for Sale or to Let, 425 sq ft (39.5 sq m), Ground floor, 1 Hereford Road, Bayswater, London, W2

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Situation & Location

The property is situated on the side western side of Hereford Road, close to the junction with Leinster Square, on the Notting Hill/Bayswater borders and thus with a wealthy residential and tourist catchment. The amenities of Westbourne Grove, Queensway, Notting Hill Gate and Portobello are close by, as is Notting Hill Gate underground (Central, Circle, District Lines), also Bayswater (Circle, District Lines) and Queensway (Central Line). Kensington Gardens is a short distance to the south. Hereford Road itself has an excellent restaurant offering including the adjacent highly regarded "Hereford Road". View property map.

Description & Accommodation

The property comprises a self contained ground floor retail unit which may be used for either A2 office or A1 retail purposes, providing the following approximate dimensions floor areas:-:

Internal Width 13’9” 4.2 sq m
Shop Depth 32’8” 9.96 m
Ground floor sales 425 sq ft 39.5 sq m

The property is currently undergoing refurbishment and will be available in “white box” shell condition with WC, ready for fitting out.

Terms

Either:- A new effectively full repairing and insuring lease for a term of 10 years at a rent of £27,500 per annum, subject to five yearly upward only reviews.

Or:- A new virtual freehold 999 year lease at a pepporcorn rent at a price of £550,000

Common Expenses

The leaseholder will contribute a fair proportion of the cost of repairing, maintaing and insuring the common 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.

Energy Performance Certificate

An EPC assessment will be made once details of tenant’s fit out are known.

Business Rates

The property is currently assessed together with the basement and rear office, although these are no longer part of the demise. A reassessment is therefore required which should reduce the RV, however for guidance the current rateable value is £20,867 and the rates payable £9,939.

VAT

The property is not VAT opted and the sale price or rent will not be subject to VAT in addition.

Possession

Immediate upon completion of refurbishment and 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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956