Prominent Retail / Office Building to Let, Holland Park, W11
Other Class E uses considered
1 Holland Park Terrace, Portland Road, Holland Park, London W11
Situation & Location
The property is situated on the eastern side of Portland Road immediately to the north of Holland Park Avenue with its excellent local shopping and transport amenities and rapid access to the West End and City via the Central Line. The Westfield shopping centre with its excellent overgound links to Clapham Junction is close by. Other traders nearby include Daunt Books, Jeroboams, Lidgates and Paul.
Description & Accommodation
The property comprises a self-contained shop or office building providing the following approximate net internal floor areas:-
| Ground floor | 485 sq ft | 45 sq m |
| First floor two offices plus kitchen | 669 sq ft | 62.2 sq m |
| Total | 1,154 sq ft | 107.2 sq m |
Amenities
Kitchen | WC | Air conditioning | Excellent natural light | Perimeter trunking
Rent
£61,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new full repairing and insuring lease is available for a term of up to 10 years: shorter leases to be taken outside the security and tenure and compensation provisions of the Landlord & Tenant Act 1954.
Legal Costs
Each party to bear their own.
Business Rates
The rateable value for the premises is currently £54,000 and the rates payable for the current year ending 31/03/21 are £27,648 however qualifying retail uses should receive 100% Covid relief until April 2021 at the earliest. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
EPC
Energy Perfomance Asset Rating 70 (Band C) copy certificate and recommendations available on request.
VAT
The property is VAT opted and rent will be subject to VAT in addition.
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.
