Two Adjoining Prime Retail Units to Let, Notting Hill, W11
Ground floor, 176-178 Portobello Road, Notting Hill, London, W11
Situation & Location
The property is situated on the eastern side of Portobello Road, opposite The Electric close to the junction with Talbot Road. Other retailers located in the same terrace include Whittard, Pylones, Café Nero, Vodafone, Holland & Barrett, Kath Kidston & Kurt Geiger. View location map.
Description & Accommodation
The property comprises two adjoing ground floor retail units, which may be let together or separately, to be offered in "white box" condition, providing the following approximate net floor areas:-
| 176 Portobello | 987 sq ft | 91. 7 sq m |
| 178 Portobello | 823 sq ft | 76.5 sq m |
| Total | 1,810sq ft | 168.2 sq m |
Each unit has a disabled WC fitted.
Rent
No 176 £110,000 per annum exclusive, subject to five yearly upward only review.
No 178 £ 85,000 per annum exclusive, subject to five yearly upward only review.
Leases
New effectively full repairing and insuring lease/s are available for a term of 10 years.
Common Expenses
The tenant will bear a fair proportion of the expenses incurred in 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 available on request. EPC rating 166 ( Band G).
Business Rates
The local authority has verbally informed us that the rateable value for the combined premises is £114,000 and the rates payable for the current year ending 31/03/17 are £58,938. 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 VAT opted and VAT will be chargeable in addition.
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.
