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Newly Refurbished Restaurant & Retail Units To Let, Notting Hill, W11

Under Construction - Available Early 2018

253 Portobello Road, Notting Hill, London W11

Newly Refurbished Restaurant & Retail Units To Let, 253 Portobello Road, Notting Hill, London W11

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Situation & Location

The property side forms the north west corner of the junction between Portobello Road and Lancaster Road. It is thus one of the most prominent and important sites on this world famous destination. Other retailers located nearby include Jovonna London, Greggs, Ukai Sushi; Tesco Metro. View location map.

Description & Accommodation

253 Portobello Road is currently the subject of a complete refurbishment and re-arrangement to bring it up to modern standards but will provide the same mix of uses as the existing building, having the following net internal floor areas*- floorplans available on request: Scheduled completion Feb 2018

Restaurant First and Second Floor
Private street entrance leading via stairs to:-
First Floor Dining Room 306 sq ft 28.4 sq m 40 covers approx
First Floor WC’s 40 sq ft 3.7 sq m
First Floor Covered Terrace 609 sq ft 56.6 sq m 78 covers approx
Second Floor Kitchen 233 sq ft 33.8 sq ft
Second Floor Store 131 sq ft 12.2 sq m
Total 1,319 sq ft 122.5 sq m
Current Premises Licence to 10.30pm 7 days    
     
Retail Unit I (corner frontage)    
Ground floor sales 702 sqft 65.2 sq m
Basement 493 sq ft 45.8 sq m
Vaults 56 sq ft 5.2 sq m
Total 1,251 sq ft 116.2 sq m
     
Retail Unit 2 (Lancaster Road frontage)    
Ground floor sales 369 sqft 34.3 sq m
Basement 218 sq ft 20.3 sq m
Vaults 112 sq ft 10.4 sq m
Total 699 sq ft 65sq m
     
Retail Unit 3 (Lancaster Road frontage)    
Ground floor sales 279 sq ft 25.9 sq m
Basement 279sq ft 25.9 sq m
Total 558 sq ft 51.8 sq m

*Floor areas have been scaled from drawings and may be subject to variation on completion. Prospective occupiers should satisfy themselves regarding floor areas before making a commitment.

Rents

The annual quoted rents for the units are as follows, and will be subject to five yearly upward only review.

Restaurant First and Second Floors: £95,000
Corner Retail Unit 1: £97,500
Lancaster Road Retail Unit 2: £38,500
Lancaster Road Retial Unit 3: £25,000

Lease

New effectively full repairing and insuring leases are 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

An EPC will be prepared and is available on request.

Business Rates

To be reassessed on completion.

VAT

The property is VAT opted and VAT will be chargeable in addition to quoted rents.

Possession

Completion of the project is scheduled for February 2018. Pre-lets are sought.

Contact

Jeremy Barnard or Roger Painter
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: rp@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