Shop & Basement to Let, Holland Park Avenue, W11
138 Holland Park Avenue, London, W11
Situation & Location
The property is situated on the northern side of Holland Park Avenue, close to the junction with Princedale Road. It thus serves one of London’s wealthiest residential areas. Other retailers located in this block include Balthaup, Mark Wilkinson Kitchens and The Rug Company. 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 | 566 sq ft | 52.6 sq m |
| Raised ground floor sales | 79 sq ft | 7.34 sq m |
| Raised ground floor office | 32 sq ft | 3 sq m |
| Basement Storage accessed by trapdoor & ladder, head height 1.89 sq m | 366 sq ft | 34 sq m |
Amenities
Disabled WC
Rent
£65,000 per annum exclusive, payable monthly/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, inside the 1954 Act.
Common Expenses
The tenant will bear a fair proportion of the cost of maintaining and insuring the building structure.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease.
Energy Performance Certificate
In preparation, copy certificate on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £63,500 and the rates payable for the current year ending31/03/19 are £31,305. 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 VAT opted and VAT will be payable in addition.
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.
