Shop & Basement to Let, Holland Park, W11
Ground Floor & Basement, 5 Addison Avenue, Holland Park, London, W11
Situation & Location
The property is situated on the western side of Addison Avenue, close to the junction with Holland Park Avenue. Addision Avenue thus lies within one of London's wealthiest residential districts and lies in close proxmity to Holland Park Underground (Central Line) and also Westfield London and its excellent overground rail connections to Clapham Junction. Also located in Addison Avenue are Carter Jonas & John Wilcox & Co. View location map.
Description & Accommodation
The property comprises a self contained ground floor and basement retail unit providing the following approximate accommodation and floor areas:-
| Ground floor sales | 310 sq ft | 28.8 sq m |
| Ground floor store | 55 sq ft | 5.1 sq m |
| Basement Staffroom/Kitchen | 96 sq ft | 8.9 sq m |
| Basement Store room | 207 sq ft | 19.2 sq m |
| Vaults storage | 75 sq ft | 7 sq m |
| Total | 743 sq ft | 69 sq m |
Amenities
Central Heating | Comfort Cooling | Kitchen | WC | Perimeter Trunking
Rent
£37,500 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 up to 10 years, to be taken outside the security and tenure and compensation provisions of the Landlord & Tenant Act 1954.
Common Expenses
Lessee will contribute fair proportion of cost of insuring, repairing 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
An EPC will be prepared - copy available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £15,000 and the rates payable for the current year ending 31/03/16 are £7,200. 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
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.
