Freehold A2 Office / Retail Unit for Sale, Holland Park, W11
10 Portland Road, Holland Park, London, W11
Situation & Location
The property is situated on the eastern side of Portland Road, close to the junction with Holland Park Avenue. Other businesses based in this parade of shops include Speck, Barnard Marcus, Jackson Stops. Lidgates, Daunt Books, Maison Blanc, Paul, Patisserie Valerie, The Rug Company and others are represented in Holland Park Avenue. Holland Park underground station (Central Line) is nearby. View property map.
Description & Accommodation
The property comprises a mid-terraced mixed use building with an A2 office on the ground, lower ground and mezzanine floors, and a self contained maisonette above which is sold on a long lease with a term of 150 years at a peppercorn ground rent. The offices provide the following approximate net useable areas:
| sq m | sq ft | |
| Ground floor office/sales | 4.6 | 50 |
| Lower ground offices | 24.4 | 262 |
| Lower ground kitchen | 7.5 | 81 |
| Mezzanine offices | 20.3 | 219 |
| Total | 56.8 sq m | 612 sq ft |
Externally there is a rear yard/garden providing an area of some 18.6 sqm 200 sq ft.
Amenities
Air conditioning (not tested) WC Rear Garden.
Possession
Immediate upon completion of legal formalities.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
An EPC has been commissioned - copy available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £13,250 and the rates payable for the current year ending 31/03/16 are £6,360. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
Terms
Offers are invited for the freehold interest with vacant possession of the office and subject to the long lease of the upper parts in the region of £595,000.
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.
