Ground Floor Shop to Let, London W11
Portobello Market – Prime Antiques Section
Ground floor, 77 Portobello Road, London W11
Situation & Location
The property is situated on the the western side of Portobello Road, just to the south of the junction with Westbourne Grove. This busy section of Portobello Road forms the world famous antique market which attracts a high volume of visitor footfall, originally on Saturdays but now throughout the week. The property is surrounded by the antique galleries for which the streeet is famous and occupiers such as Stumper & Fielding; Judy Fox Antiques; Barham Antiques: Chloe Alberry & many others. Notting Hill Gate Underground (Central, Circle, Disrict Lines) is within easy reach as are the restaurant and fashion amenties of Westbourne Grove.
Description & Accommodation
The ground floor retail shop has a gross internal area of 73 sq m (782 sq ft) with an internal width of 12’9 (3.7m) narrowing to 10’7”( 3.2m) and is self contained with its own WC.
Terms
Either a new, full reparing and insuring lease for a term of 10 years, with upward only review at the end of the fifth year, at a rent of £60,000 per annum exclusive;
Or A flexible, short term lease, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. Rental offers considered.
EPC
EPC rating:Shop 77 (Band D) -copy reports and recommendations available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the ground floor shop is £ 46,400 and the rates payable for the current year ending 31.03.21 would be £11,576 after 50% retail relief, however the property currently enjoys 100% covid relief. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
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.
