Refurbished Shop & Basement To Let, Notting Hill, W11
Ground Floor & Basement, 5 Elgin Crescent, Notting Hill, London, W11
Situation & Location
The property is situated on the southern side of Elgin Crescent, very close to the junction with Portobello Road. It thus serves the resident, affluent population of Notting Hill and also the numerous tourists and other visitors to the market. Other retailers located in Elgin Crescent include Neals Yard Remedies, Jeroboams, Grocer on Elgin, Graham & Green, Mr Christians. View location map.
Description & Accommodation
The property comprises a newly refurbished and extended selfcontained ground floor and basement retail unit providing the following approximate floor areas:-
| Internal Width 13’3” (4m) widening to 16’6” (5m) | ||
| Shop Depth | 41’ | 12.5 m |
| Ground floor sales | 561 sq ft | 55.1 sq m |
| Basement Sales | 520 sq ft | 48.3 sq m |
Rent
£72,000 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.
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 £37,000 and the rates payable for the current year ending31/03/19 are £17,760. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0208-315-2082.
VAT
The property is not 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.
