Shop to Let, Notting Hill, W2
Adjacent to Sinclair Till, Harvey Jones Kitchens & Farrow & Ball
23 Chepstow Corner, Chepstow Place, Notting Hill, London, W2
Situation & Location
The property is located in this small parade running south from Westbourne Grove, and thus lies in one of London’s most affluent and fashionable residential areas. A number of speciality retailers are represented in the block, with an emphasis on interior design and furniture, including the adjacent Farrow & Ball; Harvey Jones Kitchens; Sinclair Till. Space NK are opposite. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas (photos and floorplans on request):-
| Ground floor sales | 222 sq ft | 20.6 sq m |
| Basement sales | 264 sq ft | 24.6 sq m |
| Total | 486 sq ft | 45.2 sq m |
Rent
£22,500 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.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease; incoming tenant to bear both parties professional fees in connection with any Licence to Alter.
Energy Performance Certificate
In preparation – copy certificate and recommendations on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £19,250 and the rates payable for the full year ending 31/03/21 are £9579 or £4,789 after 50% retail relief for qualifying tenants. 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.
