Bright Self-Contained Offices with Roof Terrace to Let, Notting Hill, W11
First & Second Floor, 233 Portobello Road, Notting Hill, London, W11
Situation & Location
The property is situated on the side of western side of Portobello Road, close to the junction with Westbourne Park Road. Ladbroke Grove underground is thus nearby (Circle, Hammersmith & City Lines) and Notting Hill Gate (Central, District Lines) is also within reach. As well as the excellent shopping, restaurant and leisure amenities of Portobello Road & Kensington Park Road, Westbourne Grove with is also a few minutes walk from the property. View property map.
Description & Accommodation
The property comprises a self-contained office suite planned over first and second floors, with its own private street entrance on Portobello Raod, providing the following approximate net internal floor areas:-
| Stores | 25 sq ft | 2.3 sq m |
| First Floor (open plan) | 411 sq ft | 38.2 sq m |
| Second Floor (two offices) | 358 sq ft | 33.3 sq m |
| Total | 794 sq ft | 73.8 sq m |
Amenities
Video entryphone | Central heating | Fitted kitchen | Male and female WC's | Hardwood flooring | Roof terrace | Recessed spotlights | Cat V cabling.
Terms
Either a new underlease with a term of two years or an assignment of our clients head lease expiring 14 December 2020 with a tenant break option at 14 December 2018. Both leases are outside the Landlord & Tenant Act 1954.
Rent
For underlease: £37,200 per annum exclusive, payable quarterly in advance.
OR
Premium for assignment of headlease at rent of £31,000 pa: £15,000.
Common Expenses
The tenant will pay a fair proportion of the cost of insuring and maintaining the main 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 local authority has verbally informed us that the rateable value for the premises is £14,250 and the rates payable for the current year ending 31/03/17 are £6,897. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
The property is opted and VAT will be payable 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.
