Ground Floor Shop to Let, London, W11
Ground Floor, 164 Portobello Road, London, W11
Situation & Location
The property is situated on eastern side of Portobello Road, close to the junction with Colville Terrace. The shop sits immediately between Vodafone and Holland & Barrett. Also represented in the block are Kurt Geiger, Cath Kidston, Gourmet Burger, Pylones, American Apparel and Jack Wills. View location map.
Description & Accommodation
The property comprises a self contained ground floor retail unit providing the following approximate floor areas (scaled from floor plans):-
The property is undergoing works to extend the sales area and will be offered in plastered shell with new WC fitted. Please see attached floorplan.
Rent
£90,000 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 up to fifteen years.
Common Expenses
The lessee to make a reasonable contribution to cost of maintaining and insuring building struture.
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 RR available on request. Rating 97 (Band D).
Business Rates
The local authority has verbally informed us that the current rateable value for the premises is £38,500 pa and the rates payable for the current year ending 31/03/16 are £18,980 pa. 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 VAT opted.
Possession
March 2016.
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.
