Prominent Self-Contained Retail Showroom & Offices to Let, Notting Hill Gate, W11
Due to relocation - entire building - lease available
53 Pembridge Road, Notting Hill Gate, London, W11
Situation & Location
The property is situated on the western side of Pembridge Road, close to the junction with Portobello Road . Other retailers located in the parade include Gelato Mia, Bubbleology, Superga. Notting Hill Gate underground (Central, District, Circle Lines) is close by. View location map.
Description & Accommodation
The property comprises a self contained property planned over basement, ground, rear mezzanine and first floors providing the following approximate floor areas, please also see floorplan:-
| Net Frontage | 13’7” | 4.14 m |
| Gross Frontage | 17’9” | 5.41 m |
| Internal Width | 16’4" | 5 m |
| Shop depth | 22’7” | 6.88 m |
| Built Depth | 40’6” | 12.35 m |
| Ground floor sales | 309 sq ft | 28.7 sq m |
| Ground floor office/sales | 143 sq ft | 13.3 sq m |
| Rear Mezzanine office/sales | 116 sq ft | 10.8 sq m |
| First floor office/sales | 300 sq ft | 27.9sq m |
| Basement Office/Kitchen | 227 sq ft | 21.1 sq m Externally: rear patio garden |
| Total Net Offices/Sales | 868 sq ft | 80.1 sq m |
| Total Ancillary | 227 sq ft | 21.1 sq m |
Amenities
Air conditioning | Hardwood flooring | Two WC’s | Shower | Kitchen | Rear patio garden
Terms
A premium of £50,000 is sought for the assignment of our client’s full repairing and insuring lease, inside the L&T Act 54, expiring 28th September 2020 at a rent of £45,000 per annum (no further review). Alternatively a new lease may be avaiable from the freeholder, terms to be confirmed.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease; freeholder’s costs in granting licence to assign to be shared equally; incoming tenant to bear freeholders professional fees in connection with any Licence to Alter.
Energy Performance Certificate
An EPC has been commissioned – copy certificate and recommendations available on request.
Business Rates
The local authority has verbally informed us that the new rateable value for the premises is £56,000 and the estimated rates payable for the year ending31/03/18 are £16,278. 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.
