Shop & Basement to Let, Notting Hill, W11
Adjacent to Neal’s Yard Remedies and Jeroboams
11 Elgin Crescent, Notting Hill, London, W11
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.
