Retail Shop Currently Fitted and with Planning as Beauty Spa to Let, Notting Hill, W11
Other uses considered
Ground Floor, 214 Kensington Park Road, Notting Hill, London W11
Situation & Location
The property is located in a fashionable parade at the north end of Kensington Park Road that runs parallel to Portobello Road, between Blenheim Crescent and Westbourne Park Road. Neighbouring retailers include The Mews Bridal, Sub Couture, Nu Line, Essenza, Dayrooms Café and E & O.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit currently arranged as a reception/retail area with a five treatment rooms to the rear, providing the following approximate floor areas:-
| Internal Width widening to | 13’ 3” (24’8”) | 4m (7.5 m) |
| Shop Depth | 56 ’ | 17 m |
| Ground floor front sales | 349 sq ft | 32.4 sq m |
| Ground floor rear sales | 669 sq ft | 62.2 sq m |
| Ground floor kitchen & Store | 68 sq ft | 6.3 sq sq m |
Amenities
Kitchen | WC
Rents
£37,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new lease is available for a term of up to 10 years.
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 legal costs in connection with the grant of the lease; incoming tenant to bear both parties professional fees in connection with any Licence to Alter.
Energy Performance Certificate
In preparation - copy report and recommendations available on request.
Business Rates
The rateable value for the premises is currently £40,500 and the rates payable for the current year ending 31/03/21 would be £10,104 after 50% small retail relief, however qualifying retail uses should receive 100% Covid relief until April 2021 at the earliest. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
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.
