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