Prominent Corner Restaurant to Let - New Lease Available, Notting Hill Gate, W11
Ground Floor & Basement, 145 Notting Hill Gate, London W11
Situation & Location
The property is situated at the junction of Notting Hill Gate with Campden Hill Road and thus occupies an extremely visible site in one of London’s most affluent districts. Other businesses located nearby include Marks & Spencer, Pizza Express, Metro Pizza, and Little Waitrose. View location map.
Description & Accommodation
The property comprises a self contained ground floor and basement A3 restaurant unit providing the following approximate floor areas:-
| Ground floor sales (including raised dining area of 42 sq m) | 1,142 sq ft | 106 sq m |
| Basement Kitchen | 330 sq ft | 31 sq m |
| Basement Ancillary | 319 sq ft | 30 sq m |
| Vaults | 95 sq ft | 9 sq m |
Terms
A new lease is available for a term of up to 15 years at a rent of £90,000 per annum, subject to 5 yearly upward only reviews.
Common Expenses
Tenant will contribute fair proportion of cost of maintaining, repairing and insuring common building structure.
Licensing
The premises has benefitted from a licence for the provision of Late Night Refreshments
Mon-Sat to 00.30 and Sun to 24.00; for the on and off premises Retail Sale of Alcohol Mon-Sat to 24.00 and Sun to 23.30. Please note this licence may not be currently active.
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
Copy EPC and recommendations available on request – Rating 136 (Band F).
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £87,000 and the rates payable for the current year ending 31/03/18 are £43,413. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
Possession
Immediate upon completion of legal formalities.
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.
