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New Restaurant & Retail Units To Let, Notting Hill, W11

253 Portobello Road, Notting Hill, London W11

New 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. Food and beverage operators in Portobello include Pizza East, The Electric and the Ginstitute. View location map.

Description & Accommodation

253 Portobello Road is has been the subject of a complete refurbishment and re-arrangement to provide a highly visible terrace restaurant at first and second floors with three retail units below having the following net internal floor areas: floorplans available on request: Scheduled completion Oct 2018.

Restaurant First and Second Floor
Private street entrance leading via stairs to:- 134 sq ft 12.41 sq m 40 covers approx
First Floor 579 sq ft 53.78 sq m
First Floor Covered Terrace 525 sq ft 48.6 sq m
Second Floor 525 sq ft 48.77 sq m
Total 1,761 sq ft 163.56 sq m
Current Premises Licence to 10.30pm    
     
Retail Unit I (corner frontage)    
Ground floor sales 1,024 sqft 95.16 sq m
Basement 418 sq ft 38.36 sq m
Vaults 75 sq ft 6.98 sq m
Total 1,512 sq ft 140.50 sq m
     
Retail Unit 2 (Lancaster Road frontage)    
Ground floor sales 337 sqft 34.3 sq m
Basement 396 sq ft 20.3 sq m
Total 735 sq ft 68.3 sq m
     
Retail Unit 3 (Lancaster Road frontage)    
Ground floor sales 267 sq ft 24.8 sq m
Basement 267 sq ft 24.8 sq m
Total 534 sq ft 49.6 sq m

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: Offers in excess of £95,000 per annum
Corner Retail Unit 1: £97,500 pa
Lancaster Road Retail Unit 2: £38,500 pa
Lancaster Road Retial Unit 3: £25,000 pa

Lease

New effectively full repairing and insuring leases are available for a term of up to 15 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 late October 2018.

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