Self-contained Retail/Office Unit To Let, Holland Park, W11
Other Class E uses considered
Ground, Mezzanine & First Floor, 2 Portland Road, Holland Park, London W11
Situation & Location
The property is situated on the eastern side of Portland Road immediately to the north of Holland Park Avenue with its excellent local shopping and transport amenities and rapid access to the West End and City via the Central Line at Holland Park Underground. The Westfield shopping centre with its excellent overgound links to Clapham Junction is close by. Traders nearby include Daunt Books, Jeroboams, Lidgates, Pret, Starbucks and Paul.
Description & Accommodation
The property is currently used as offices but would also suit gallery, showroom or a number of other Class E uses. It comprises a self-contained unit, with rear access from Ladbroke Mews, planned on ground floor, mezzanine and first floor, providing the following approximate floor areas:-
| Ground floor: reception, offices & kitchen | 778 sq ft | 72.3 sq m |
| Mezzanine: gallery offices | 133 sq ft | 12.36 sq m |
| First floor: offices | 447 sq ft | 41.54 sq m |
Amenities
M&F WC's | Kitchen | Central heating
Rent
£57,500 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 5 years, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. Longer leases may be available subject to landlord or mutual break after five years, and upward only rent review at fifth year.
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.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £49,750 and the rates payable for the current year ending 31/03/22 are £24,825 however qualifying business may benefit from retail relief.. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Property is not currently opted.
EPC
In preparation: copy report and recommendations available on request.
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.
