A1 Retail Shop to Let, Portobello Road, W11
235 Portobello Road, London, W11
Situation & Location
The property is prominently situated on the west side of Portobello Road at the corner with Hayden’s Place, close to the junction with Westbourne Park Road . Other retailers located nearby include Tesco, Greggs, Snappy Snaps, Starbucks, Subway, Jovonna London and Supra. View location map.
Description & Accommodation
The property comprises a self contained ground floor t retail unit providing the following approximate dimensions and floor areas:-
Internal Width 18’7” 5.7m Shop Depth 27’1”
Ground floor sales 500 sq ft 46.4 sq m
NB: The landlords propose to install a larger shop front on the main frontage.
Rent
£39,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
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: certificate and recommendations available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £68,000 and the rates payable for the current year ending31/03/18 are £31,152. 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 opted for VAT.
Possession
Immediate upon completion of legal formalities.
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.
