Retail/A3 Shop & Basement to Let, Kensington, W8
2 Abingdon Road, Kensington, London, W8
Situation & Location
The property is situated on the western side of Abingdon Road, close to the junction with Kensington High Steet. Other businesses located nearby include the michelin starred Kitchen W8 opposite and Trailfinders. View location map.
Description & Accommodation
The property comprises a self contained ground floor and basement retail/A3 unit, offered in plastered shell with capped services, providing the following approximate floor areas:-
| Ground floor sales | 252 sq ft | 23.5 sq m |
| Basement Sales | 306 sq ft | 28.5 sq m |
The property is suitable for most A1 uses and restricted A3 use – there is no extraction and hours of use will be limited to protect residents upstairs.
Rent
£27,500 per annum exclusive, payable monthly/quarterly in advance, subject to five yearly upward only review.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
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
EPC has been commissioned and will be available on request.
Business Rates
The local authority has informed us that the new rateable value for the premises is £19,750 and the rates payable for the current year ending 31/03/18 are estimated at £9,071. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
To be confirmed.
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.
