Prominent A1 Shop & Basement to Let, Kensington, W8
55 Kensington Church Street, London, W8
Currently fitted as air-conditioned hair and beauty salon with basement treatment rooms
Situation & Location
The property is situated on western side of Kensington Church Street, close to the junction with Vicarage Gate, and is thus prominently located in the heart of one of London’s most wealthy residential areas. Other retailers located in this section of the street include Sainsbury’s, Knight Frank, Savills, Harrods Estates and Kensington Lighting. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit which is currently fitted out and trading as a hair and beauty business, with reception and hairdressing on the ground floor, and treatment rooms, kitchen, laundry and unisex WC at basement level. Please see floorplans below.
The property provides the following approximate net internal floor areas:
| Ground floor sales | 518 sq ft | 48 sq m |
| Basement Sales/Ancillary | 352 sq ft | 33 sq m |
| Total | 870 sq ft | 81 sq m |
Amenities
Air conditioning | Electric Security Shutter | Kitchen | Wooden Flooring | Laundry
Lease
The property is held under an effectively full repairing and insuring lease with a term of 10 years from 14.10.2015 at a current rent of £45,000 per annum exclusive, subject to a rent review at the end of the fifth year.
Terms
Our client is seeking to assign their leasehold interest with the benefit of their improvements for a premium of £10,000. Their trade fixtures and fittings, specific to the current use, are available by separate negotiation. Please note that the brand name and goodwill of the existing business are not available.
Legal Costs
Each party to bear their own legal costs in connection with the assignment; assignor to bear landlord's costs in connection with the assignment; assignee to bear landlord’s costs in connection with any Licence to Alter.
Energy Performance Certificate
An EPC has been commissioned - copy on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £32,750 and the rates payable for the current year ending 31/03/2016 are £16,275. 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 VAT opted.
Possession
Immediate upon completion of legal formalities.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@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.
