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Prominent Corner Site – Shop & Basement to Let, Notting Hill, W11

214 Portobello Road, Notting Hill, London W11

>Prominent Corner Site – Shop & Basement to Let, GF Sales 352 sq ft, 214 Portobello Road, Notting Hill, London W11

Situation & Location

The property is situated on the eastern side of Portobello Road, at the junction with Westbourne Park Road. Other retailers located in the immediate proximity include Office Shoes, Starbucks & Fabrique.

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Description & Accommodation

The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-

Ground floor sales 352 sq ft 32.7 sq m
Basement Ancillary 327 sq ft 30.4 sq m
Total 679 sq ft 63.1 sq m

Rent

£55,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.

Lease

A new effectively full repairing and insuring lease is available for a term of 10 years.

Common Expenses

Lessee to meet fair share of 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

EPC Rating 64 – Band C.

Business Rates

The rateable value for the premises is currently £48,500 and the rates payable for the current year ending 31/03/21 would be £12,100 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 0207-361 2828.

VAT

The property is not currently opted.

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