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Shop & Basement to Let, Notting Hill, W11

Currently fitted for beauty treatment with air conditioning

Ground Floor & Basement, 102 Ladbroke Grove, Notting Hill, London, W11

REDUCED TERMS
>Shop & Basement to Let, Ground Floor & Basement, 102 Ladbroke Grove, Notting Hill, London, W11

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Situation & Location

The property is situated on the eastern side of Ladbroke Grove, close to the junction with Westbourne Park Road. Other retailers located nearby include Barclays Bank, Paddy Power, Café Nero, Pret and Sainsburys. Ladbroke Grove Underground (Circle, Hammersmith & City Lines) is close by, as is Portobello Market. View location map.

Description & Accommodation

The property comprises a self-contained ground floor and basement retail unit, current trading a as a specialist beauty treatment centre (floorplans available on request) with WC, and will provide the following approximate dimensions & floor areas:-

Internal Width 18’9” 5.71 m
Shop Depth 34’6” 10.51 m
Ground floor sales 646 sq ft 60 sq m
Basement (arranged as WC, two private treatment rooms and office) 527 sq ft 49 sq m
Total 1,173 sq ft 109 sq m

Terms

A new effectively full repairing and insuring lease is available for a term of 10 years at an initial rent of £40,000 per annum exclusive, subject to five yearly upward-only rent reviews.

Energy Performance Certificate

Current rating 92 (Band D).

Business Rates

The rateable value for the premises is £37,000 and the rates payable for the current year ending 31/03/21 would normally be £9,250 after 50% retail relief, however the property currently benefits from 100% covid retail relief so no business rates to pay until April 2021. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.

VAT

Rent and other charges will be subject to VAT in addition.

Possession

December 2020 or earlier by agreement with outgoing tenant.

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