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Retail Shop & Upper Parts to Let, Notting Hill Gate, W11

47 Pembridge Road, Notting Hill Gate, London W11

Under Offer
Retail Shop & Upper Parts to Let / Rent, 915 sq ft (85 sq m), 47 Pembridge Road, Notting Hill Gate, London W11

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Situation & Location

The property is situated on the western side of Pembridge Road which at this point enjoys a very heavy pedestrian flow carrying tourists from Notting Hill Gate underground to the Portobello Road. Other retailers located in the block include Superga, Yates Buchanan, Amoret, Bubbleology. View location map.

Description & Accommodation

The property comprises a self-contained retail property providing the following approximate net floor areas:-

Basement Storage/Sales: 234 sq ft 21.75 sq m
Basement Staff/Kitchen: 80 sq ft 7.45 sq m
Ground Floor Sales: 323 sq ft 30.00 sq m
First Floor Storage/Sales: 278 sq ft 25.8 sq m (inc. shower & WC)
Total Sales 835 sq ft 77.6 sq m
Total Ancillary 80 sq ft 7.43 sq m

Terms

A new full repairing and insuring lease is available for a term of 10 years, at an initial rent of £70,000 per annum exclusive, payable quarterly in advance, subject to upward only review at the end of the fifth year.

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 has been commissioned –copy report and recommendations available on request. Energy Performance Asset Rating 54 - Band C.

Business Rates

The local authority has verbally informed us that the rateable value for the premises is £55,000 and the rates payable for the current year ending 31/03/18 are £15,988. Please note that the first and basement floors do not appear to be currently in the rating valuation. 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

End May 2018.

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