Shop to Let, No Premium, Portobello Road, W11
Prime Antiques Section
85a Portobello Road, London, W11
Situation & Location
The property is situated on the the western side of Portobello Road, close to the junction with Chepstow Villas, and thus lies in the heart of the antiques/tourist section of this world famous market, sitting alongside the antique galleries and independent dealers. View location map.
Description & Accommodation
The property comprises a self-contained ground floorretail unit providing the following approximate floor areas:-
| Ground floor sales |
664 sq ft | 61.7 sq m |
| Ground floor storage |
82 sq ft | 7.62 sq m |
Amenities
Kitchenette | WC
Rent
£63,000 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, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954 (lease inside the Act may be available, subject to status).
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease.
Energy Performance Certificate
Energy performance asset rating 66 – Band C. Copy certificate and recommendations on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £37,500 and the rates payable for the current year ending 31/03/20 are £18,412. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Will not apply.
Possession
April 2020.
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.
