Retail Shop and Upper Parts To Let Short/Long Term
47 Pembridge Road, Notting Hill Gate, London, W11
Situation & Location
The property is situated on the western side of Pembridge Road which at this point enjoys a very heavy pedestrian flow carrying tourists from Notting Hill Gate underground to the Portobello Road. Other retailers located in the block include Superga, Yates Buchanan, The Solid
Floor Company, Bubbleology and Gelato Mio. View location map.
Description & Accommodation
The property comprises a self-contained retail property providing the following approximate net floor areas:-
| Basement Storage/Sales | 234 sq ft | 21.75 sq m |
| Basement Staff/Kitchen | 80 sq ft | 7.45 sq m |
| Ground Floor Sales | 323 sq ft | 30.00 sq m |
| First Floor Storage/Sales (inc. shower & WC) | 199 sq ft | 18.5sq m |
| Total Sales | 835 sq ft | 77.6 sq m |
| Total Ancillary | 80 sq ft | 7.43 sq m |
Terms
Either a new full repairing and insuring lease is available for a term of 10 years, at an initial rent of £75,000 per annum exclusive, payable quarterly in advance, subject to upward only review at the end of the fifth year; Or an internal repairing and insuring short term lease of up to two years, outside the Landlord & Tenant Act 1954, with a rolling landlord break after the end of the first year, at a rent of
£50,000 per annum.
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 has been commissioned - copy report and recommendations available on request. Energy Performance Asset Rating 54- Band C.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £27,500 and the rates payable for the current year ending 31/03/16 are £13,557. Please note that the first and basement floors do not appear to be currently in the rating valuation. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
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.
