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Newly Refurbished Shop to Let, Notting Hill, W11

Ground Floor & Basement, 197 Portobello Road, Notting Hill, London W11

Under Offer
Newly Refurbished Shop / Retail Unit to Let / Rent, Ground Floor & Basement, 197 Portobello Road, Notting Hill, London W11

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Situation & Location

The property is prominently situated at the junction of Portobello Road and Blenheim Crescent and thus occupies one of the most important sites in this world famous destination. Other retailers located nearby include The Electric Brasserie, The Distillery, Whittard, Joe & The Juice, Gelataria 3bis, The Coffee Plant, and Pylones. View location map.

Description & Accommodation

The property comprises a self contained ground floor and basement retail unit with a full return frontage to Blenheim Crescent, which will be refurbished to shell condition ready for shopfitting providing the following approximate floor areas (floorplan available on request):-

Internal Width 18 ft 5.5m
Shop Depth 24 ft 3ins 7.4m
     
Ground floor sales 377 sq ft 35 sq m
Basement Sales/Storage 414 sq ft 38.5sq m
Total 791 sq ft 73.5sq 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.

Rent

£78,500 per annum exclusive, subject to upward only review at the end of the fifth year.

Lease

A new effectively full repairing and insuring lease is available for a term of 10 years.

Common Expenses

The lessee will make a fair contribution to maintenance of building structure.

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 on conclusion of the works and will be available on request with recommendations.

Business Rates

The local authority has verbally informed us that the rateable value for the premises is £50,500 and the rates payable for the current year ending 31/03/18 are £17,633.63. 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 VAT opted, and VAT will be payable in addition to quoted rent and other charges.

Possession

Immediate upon completion of legal formalities and refurbishment works.

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