Shop & Basement to Let, Kensington Church Street, W8
79 Kensington Church Street, London W8
Situation & Location
The property is situated on the western side of Kensington Church Street, close to the junction with Gloucester Walk. Other businesses located nearby include Sainsburys Local, Knight Frank, Dexters, Pruskin Gallery, The Lacquer Chest, Reindeer Antiques. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground floor sales | 758 sq ft | 70.4sq m |
| Basement Offices, Sales & Vaults | 505 sq ft | 46.9 sq m |
| Total | 1,263sq ft | 117.3 sq m |
Lease
Held under a lease expiring 24th December 2020, inside the Landlord & Tenant Act 1954, at a rent of £27,500 per annum.
Legal Costs
Each party to bear their own.
Premium
A premium of £25,000 is sought for this valuable leasehold interest.
Energy Performance Certificate
Is being prepared 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 £29,500 and the rates payable for the current year ending 31/03/18 are £14,773 . 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 not VAT opted.
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.
