Prominent Corner Shop & Basement to Let - Class E, Holland Park, W11
102 Portland Road, Holland Park, London W11
Situation & Location
The property is prominently situated at the corner of Portland Road and Clarendon Cross in an attractive retail enclave lying between Holland Park and Notting Hill. Other corners at this junction are occupied by “The Cross” and Summerill & Bishop. Julie’s Restaurant is opposite. A number of galleries and interiors business are represented close by.
Description & Accommodation
Comprising a raised ground floor and basement retail unit, with ancillary storage in the basement, providing the following approximate floor areas:-
| Ground floor sales | 266 sq ft | 24.7 sq m |
| Basement sales | 214 sq ft | 19.9 sq m |
| Storage | 80 sq ft | 7.4 sq m |
| Vault | 76 sq ft | 7 sq m |
Rent
£31,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
Common Expenses
The tenant will contribute a reasonable share of the cost of maintaining and insuring the building structure.
Legal Costs
Each party to bear their own.
Energy Performance Certificate
In preparation – further information on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £32,000 and the rates payable for the current y/e 31.3.22 after 50% small retail relief would be £7,984 however 100% covid relief will continue until 30.3.21 and 66% until 31.3.22. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
VAT
The property is VAT opted and rent will be subject to VAT in addition.
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.
