Prominent Corner Restaurant to Let – No Premium, W10
Ground Floor & Basement, 349 Portobello Road, London W10
Situation & Location
The property is prominently situated on the the western side of Portobello Road, at the junction with Bonchurch Road, just to the north of Golborne Road. Other restaurant and café businesses nearby include Bluebelles Café, Pizza East, Garage 108 and Golborne Deli. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement restaurant, newly refurbished and offered in a clean shell, providing the following approximate floor areas:-
| Ground floor dining room | 547 sq ft | 50.8 sq m |
| Ground floor ancillary | 37 sq ft | 3.4 sq m |
| Basement dining/ancillary | 419 sq ft | 38.9 sq m |
| Basement kitchen | 149 sq ft | 13.8 sq m |
| Vaults | 89 sq ft | 8.3 sq m |
Rent
£50,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.
Lease
A new lease is available for a term of 15 years.
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 legal costs in connection with the grant of the lease.
Energy Performance Certificate
In preparation.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £32,750and the rates payable for the current year ending 31/03/20 are £16,080. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
The rent and other charges will be subject to VAT 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.
