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Shop & Basement to Let, Notting Hill, W11

Adjacent to Neal’s Yard Remedies and Jeroboams

11 Elgin Crescent, Notting Hill, London, W11

Shop & Basement to Let, 11 Elgin Crescent, Notting Hill, London, W11

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Situation & Location

The property is situated on the the southern side of Elgin Crescent, close to the junction with Portobello Road . Other retailers located in the block include Neal’s Yard Remedies and Jeroboams wine (adjacent); Natoora; The Grocer on Elgin, Oddbins, Graham & Greene (opposite). View location map.

Description & Accommodation

The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-

Ground floor sales 562 sq ft 52.23 sq m
Basement ancillary 563 sq ft 52.32 sq m
Total 1,125 sq ft 104.55 sq m

Terms

An asssignment of our client’s lease, expiring 24th December 2023, inside the Landlord & Tenant Act 1954, at a passing rent of £72,000 per annum exclusive.

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

In preparation.

Business Rates

The property has a rateable value of £62,500 per annum, currently enjoying retail relief so no business rates to pay until April 21: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.

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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956