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Retail Shop and Upper Parts to Let, Notting Hill Gate W11

All Class E uses considered

47 Pembridge Road, Notting Hill Gate, London W11

>Retail Shop and Upper Parts to Let – All Class E uses considered, 969 sq ft (90 sq m), 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.

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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.

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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