Retail Shop and Upper Parts to Let, Notting Hill Gate W11
All Class E uses considered
47 Pembridge Road, Notting Hill Gate, London W11
Situation & Location
The property is situated on the western side of Pembridge Road which at this point normally enjoys a very heavy pedestrian flow carrying tourists from Notting Hill Gate Underground (Central, Circle, District Lines )to Portobello Road. Other retailers located in the block include Superga, Amoret, Bubbleology.
Description & Accommodation
The property comprises a self-contained retail property providing the following approximate net floor areas:-
| Basement Storage/Sales | 234 sq ft | 21.75 sq m |
| Basement Staff/Kitchen | 80 sq ft | 7.45 sq m |
| Ground Floor Sales | 323 sq ft | 30.00 sq m |
| Rear Ground Storage/Sales plus WC | 54 sq ft | 5.05 sq m |
| First Floor Storage/Sales | 278 sq ft | 25.8 sq m |
| Total | 969 sq ft | 90 sq m |
Terms
A new full repairing and insuring lease is available for a term of 10 years, at an initial rent of £55,000 per annum exclusive, payable quarterly in advance, subject to upward only review at the end of the fifth year; alternatively a short term lease is available for a term to be agreed, outside the 1954 Act.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease.
Energy Performance Certificate
An EPC has been commissioned –copy report and recommendations available on request. Energy Performance Asset Rating 54- Band C.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £55,000 and the rates payable for the current year ending 31/03/21 would be £28,160 however the property currently benefits from 100% covid relief until 31.03.21 at the earliest.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.
