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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

Under Offer
Showroom & Offices to Let, 868 sq ft, 53 Pembridge Road, Notting Hill Gate, London W11

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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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956