Newly Refurbished Shop to Let, Notting Hill, W11
Ground Floor & Basement, 197 Portobello Road, Notting Hill, London W11
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.
