Superb Gallery/Showroom Space to Let, Holland Park, W11
A1/A2 use – other uses considered subject to planning
10 Portland Road, Holland Park, London, W11
Situation & Location
The property is situated on the eastern side of Portland Road, immediately to the north of the junction with Holland Park Avene. Other businesses located in the parade include popular restaurant 6 Portland Road; Kallaway Public Relations; K4 Creative Agency; Hoplikeabunny childrens shop; Jackson Stops. View location map.
Description & Accommodation
This self-contained, air conditioned shop and basement has been superbly refurbished and rearranged to provde bright open spaces perfect for studio/showroom/gallery uses, comprising a double height entrance area leading to main lower ground floor sales area, with a rear terrace, and a mezzanine office area above, providing the following approximate floor areas:-
| Double Height Entrance | 45 sq ft | 4.2 sq m |
| Main sales area | 400 sq ft | 37.2 sq m |
| Mezzanine studio office | 155 sq ft | 14.4 sq m |
| Total | 600 sq ft | 55.8 sq m |
Amenities
Air conditioning | Shower | Oak flooring | WC | Terrace | KitchenetteRent
£55,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
Either: A new effectively full repairing and insuring lease is available for a term of 10 years to be taken inside the Landlord & Tenant Act 1954
OR: A new shorter term internal repairing lease for up to five years outside the 1954 Act.
Common Expenses
For the longer term lease the tenant will contribute a reasonable share of the cost of maintaining and insuring the building structure; for the short-term option a contribution to insurance only.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
Current EPC Rating 112 Band E –further information on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £24,750 and the rates payable for the current year ending 31/03/20 are £12,152 however it is understood that 50% retail relief will apply from April 20. 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
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.
