Ground Floor Business Unit To Let, Notting Hill, W11
18 Powis Mews, Notting Hill, London W11
Situation & Location
The property forms part of a complex of offices and studios located on the western side of Powis Mews. Powis Mews runs between Talbot Road and Westbourne Park Road and thus lies at the heart of Notting Hill with Ledbury Road, Portobello Road and Westbourne Grove nearby. Westbourne Park Underground (Circle, Hamm&City Lines) is within easy walking distance and Notting Hill Gate (Central, Circle, District Lines) is also within reach. View property map.
Description & Accommodation
The property is a modern second floor studio office comprising a single open plan area with kitchen having an approximate net internal floor area of 261 sq ft (24.25 sq m).
Amenities
WC | Electric Heaters | Good Natural Light | Kitchenette | Electric Louvresy
Lease
A new lease is available, to be excluded from the Landlord & Tenant Act 1954, for a term of up to five years, which may include a mutual break option on three months notice at any time after the first year.
Rent
£18,500 per annum exclusive of VAT and other outgoings. Rent payable quarterly in advance. Rent will increase by 4% after 2.5 years.
Deposit
A deposit will be required equivalent to one quarter's rent (plus VAT).
Service charge
Currently £600 per annum (Service charge covers general management of the building inc.administrative costs.)
Building's Insurance
A proportion of the annual premium (4.5% building area) which last year came to £339.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £11,750 and the rates payable for the current year ending 31/03/14 are £3,344.87. Qualified occupiers will receive small business rates relief. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
The rent will be subject to VAT in addition.
EPC
An E.P.C has been prepared and is available on request: Energy Performance Asset Rating 107 (Band E).
Possession
Immediate upon completion of legal formalities (after 14/9/13).
Contact
Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@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.
