Entire Retail Property To Let, Notting Hill Gate, W11
On main pedestrian route to Portobello Road
49 Pembridge Road, Notting Hill Gate, London W11
Situation & Location
The property is situated on the western side of Pembridge Road which at this normally enjoys a very heavy daily pedestrian flow carrying tourists from Notting Hill Gate underground to the Portobello Road. Other retailers located in the block include Bubbleology and Amoret Coffee.
Description & Accommodation
The property comprises a self-contained retail property providing the following approximate net floor areas:-
| Basement Sales plus kitchen & WC | 386 sq ft | 35.9 sq m |
| Basement Stock | 68 sq ft | 6.3 sq m |
| Ground Floor Sales | 473 sq ft | 44 sq m |
| First Floor Sales | 292 sq ft | 27.1sq m |
| Total Sales | 1,151 sq ft | 107 sq m |
| Total Ancillary | 68 sq ft | 6.3 sq m |
| Externally: First floor Roof Terrace | 166 sq ft | 15.4 sq m |
Rent
Offers in excess of £55,000 per annum exclusive, payable quarterly in advance, subject to upward only review at the end of the fifth year.
Lease
A new full repairing and insuring lease is available for a term of 10 years.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
EPC rating 58 (Band C) Copy Certificate and recommendations on request.
Business Rates
The rateable value for the premises is £43,500 and the rates payable for the current year ending 31/03/22 would normally be £21,706 however the property currently benefits from 66% covid retail relief until April 2022. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 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.
