Prominent Corner Shop & Basement to Let, Kensington, W8
106 Kensington Church Street, Kensington, London, W8
Situation & Location
The property is situated on the eastern side of Kensington Church Street, at the junction with Berkeley Gardens. Other traders located nearby include Clarkes Restaurant & Bakery; the famous Churchill Arms; a number of leading antique dealers including Marchant and Patrick Sandberg; leading estate agents including Strutt & Parker, John D Wood and Winkworth. View location map.
Description & Accommodation
The property comprises a ground floor and basement retail unit (basement reached by a staircase at the front of the shop) providing the following approximate floor areas:-
| Ground floor sales | 370 sq ft | 34.4sq m |
| Basement sales | 320 sq ft | 29.7sq m |
| Basement storage | 210 sq ft | 19.5sq m |
Externally there is a WC at basement level, reached via a pathway in the lightwell.
Rent
£45,000 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
The tenant will bear a fair proportion of the cost of maintaining and insuring the 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 and recommendations on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £20,500 and the rates payable for the current year ending 31/03/16 are £9,840. 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 currently opted for VAT.
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.
