Shop & Basement to Let, Notting Hill Gate, W11
Ground Floor & Basement, 4 Pembridge Road, Notting Hill Gate, London, W11
Situation & Location
The property is situated on the the eastern side of Pembridge Road, within a few yards of the entrance to Notting Hill Gate Underground (Central, Circle, District Lines) and lies on the main tourist flow from the underground to Portobello Market. It thus benefits from heavy local resident and tourist footfall. Other retailers in the block include Patty & Bun, Starbucks and Foxtons. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Internal Width | 16’ 3” | 5 m |
| Shop Depth | 26’10” | 8.2 m |
| Ground floor sales | 430 sq ft | 40 sq m |
| Basement sales / storage (Ceiling height 8’7” 2.62 m) | 414 sq ft | 38.5 sq m |
| Basement vaults storage | 22 sq ft | 2 sq m |
Rent
£60,000 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. Shorter term, flexible leases, outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954, may be considered.
Common Expenses
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
EPC rating 107 Band E copy, recommendations available on request.
Business Rates
The property has a rateable value of £49,500 pa and will qualify for 100% retail relief until 31 March 2021 at the earliest. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 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.
