Prominent Double Fronted A1/A2 Shop to Let, Kensington, W8
Fully fitted and ready for A2 use- short term leases considered
48-50 Kensington Church Street, Kensington, London, W8
Situation & Location
The property occupies a highly visible site on the the eastern side of Kensington Church Street, opposite the junction with Gloucester Walk. Other retailers located in the block include Knight Frank (adjacent), with Sainsburys Local directly opposite. View location map.
Description & Accommodation
The property consists of two shop units which have been amalgamated, and have been fitted out and used as an estate agency:
| Ground floor sales | 1,011 sq ft | 94 sq m |
| Staff/Kitchen | 117 sq ft | 11 sq m |
Amenities
Air conditioning and air handling; hardwood flooring; kitchen; fitted meeting room; two WC’s (one disabled) – Furniture available by separate negotiation.
Rent
£97,500 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, alternatively shorter, flexible leases will be considered, to be taken outside the Landlord & Tenant Act.
1954.
Common Expenses
Tenant will bear a fair proportion of the cost of maintaing and insuring building structure.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
EPC rating 67 – Band C: copy report and recommendations available on request.
Business Rates
The two shops are still separately assessed and the local authority has verbally informed us that the combined rateable values for the two premises is £46,500 and the rates payable for the current year ending 31/03/20 are £32,651. 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 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.
