Shop & Basement to Let, Kensington, W8
64a Kensington Church Street, Kensington, London, W8
Situation & Location
The property is situated at the junction of Kensington Church Street and Melon Place, in a retail location which is important in both estate agency – Knight Frank, Savills, Chesterton Humberts and Harrods Estates are in the immediate vicinity – and the antiques trade (Pruskin Gallery, The Lacquer Chest, Kensington Antiques Gallery) There is a Sainsburys store opposite. View location map.
Description & Accommodation
The property comprises a self-contained retail unit planned on three levels providing the following approximate floor areas:-
| Ground floor sales | 291 sq ft | 27 sq m |
| Mezzanine Sales | 215 sq ft | 20 sq m |
| Basement Sales | 205 sq ft | 19 sq m |
| Total | 711 sq ft | 66 sq m |
| Mezz Storage Room | 15 sq ft | 1.4 sq m |
Amenities
Parquet flooring to main sales area | Air conditioning (not tested) | WC & Kitchen
Rent
£48,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
Common Expenses
Lessee to meet reasonable proporiton of freeholders costs in insuring and maintaining 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
Copy EPC available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £28,250 and the rates payable for the current year ending 31/03/16 are £13,927. 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 not presently VAT opted.
Possession
Immediate upon completion of legal formalities.
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.
