Shop & Basement to Let, Notting Hill Gate, W11
117 Notting Hill Gate, London, W11
Situation & Location
The property is situated on the southern side of Notting Hill Gate, close to the junction with Hillgate Street. Other businesses located nearby include Faron Sutaria & Chard Estate Agents, Pizza Express, the London Printing Company, Four Seasons & Frame Set & Match. Notting Hill Underground (Circle, Central Lines) is nearby. View location map.
Description & Accommodation
The property comprises a self contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground floor sales | 514 sq ft | 48 sq m |
| Ground floor storage | 74 sq ft | 7 sq m |
| Basement Storage | 377 sq ft | 35 sq m |
| Total | 965 sq ft | 90 sq m |
Rent
£51,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
Common Expenses
The lessee will meet a reasonable proportion of the Landlord’s costs in insuring and maintaining the main 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 £44,250 and the rates payable for the current year ending 31/03/16 are £21,815.25. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
Possession
Immediate upon completion of legal formalities (no earlier than 24.6.15).
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.
