Retail Shop Long Lease for Sale or to Let, W2
28a Hereford Road, Bayswater / Notting Hill, London, W2
Situation & Location
The property is situated on the side eastern side of Hereford Road , close to the junction with Westbourne Grove, and thus lies at the border of Notting Hill and Bayswater in one of London’s most affluent residential areas. Queensway to the east is the subject of major planned improvements and developments. Other retailers located close by include Cote Brasserie, Sainsburys, Cafe Nero, Franco Manca, Pomona’s, Notting Hill Dentist, Savana Urban Spa. View location map.
Description & Accommodation
The property comprises a self-contained ground floor retail unit, with kitchenette & WC, with the following approximate dimensions and floor areas:-
Internal width 21'5" 6.53 m
Shop Depth 17'3" 5.26 m
Ground floor sales 370 sq ft 34.4 sq m
Tenure
Held under a lease with a term of 150 years from 24th June 2009 at a current ground rent of £200 pa, doubling every twenty five years of the term. Effectively full repairing and insuring via service charge.
Price
Offers are invited for the valuable long leasehold interest: guide price £500,000.
Rent
Short term leases available for term to be agreed (outside 54 Act) – £25,000 pa.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
EPC Rating 83 Band D – copy cert. and recommendations on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £20,250 and the rates payable for the current year ending 31/03/19 are £9,720 Interested parties should make their own enquiries and confirm: - City of Westminster business rates department 020 8315 2050.
VAT
Will not apply.
Possession
Full vacant possession upon completion.
Contact
Jeremy Barnard
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@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.
