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Unique Grade II Listed Retail and Events Space to Let, Notting Hill, W11

20th Century Theatre, 291 Westbourne Grove, Notting Hill, London, W11

Unique Grade II Listed Retail and Events Space to Let, 8,768 sq ft (714.4 sq m), 20th Century Theatre, 291 Westbourne Grove, Notting Hill, London, W11

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Situation & Location

The property is situated at the junction of Westbourne Grove and Portobello Road, with a frontage to each, and thus benefits from both the high end retail and busy tourist trade of each road respectively. Other retailers represented close by include Paul Smith & All Saints. View location map.

Description & Accommodation

The 20th Century Theatre is a Grade II listed building dating from 1863 which after many years of use as a theatre and music hall became an antiques arcade and storage. Most recently it has been used as an antique gallery within Class A1 at ground floor with an events space in the theatre hall above (please see “Planning” below) and various ancillary offices. Floor areas below, plans are available on request:-

Ground Floor    
Entrance Hall 612 sq ft 57 sq m
Retail Sales 2,923 sq ft 271.6 sq m
Ancillary 307 sq ft 26 sq m
First Floor    
Main Hall 2,644 sq ft 244.8 sq m
Stage 630 sq ft 58.5 sq m
Offices 658 sq ft 61.4 sq m
WC block 339 sq ft 31.5 sq m
Second Floor    
Gallery to Hall 320 sq ft 29.6 sq m
Offices 363 sq ft 34.0 sq m
Total 8,768 sq ft 814.4 sq m

Planning

Planning The ground floor, former antiques gallery has established use as A1 retail (copy certificate on request). The theatre above has a Sui Generis use which allows a wide range of event type uses including retail; exhibitions; live music; private and corporate functions; educational events; film and fashion shoots: all subject to certain hours of use and other restrictions – full details on request.

Rent

£375,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews linked to RPI.

Lease

A new full repairing and insuring lease is available for a term of up to 15 years.

Legal Costs

Each party to bear their own.

Energy Performance Certificate

Energy Performance Asset Rating 207 (Band G). Copy certificate and recommendations on request.

Business Rates

The local authority has verbally informed us that the current rateable value for the premises is £272,500 and the rates payable for the current year ending 31/03/18 are £139,792. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0208-315-2082. Please note that this valuation includes space in Stanley Gardens Mews which is not included in this offering, and relates to the former storage use of the Hall.

VAT

The property is not currently VAT opted.

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.

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