Shop & Basement - Short Term Let Available, Notting Hill Gate, W11
Ground Floor & Basement, 16 Pembridge Road, Notting Hill Gate, London W11
Situation & Location
The property is situated on the the eastern side of Pembridge Road, within a few yards of the entrance to Notting Hill Gate Underground (Central, Circle, District Lines) and lies on the main tourist flow from the underground to Portobello Market. It thus benefits from heavy local resident and tourist footfall. Other retailers in the block include Patty & Bun, Starbucks and Foxtons.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit (other uses allowed subject to landlord’s consent, not to be unreasonably withheld or delayed) providing the following approximate floor areas:-
| Net Frontage | 12’6” | 3.81m |
| Gross Frontage | 17’11” | 5.56 m |
| Internal Width | 13’2” | 5 m |
| Shop Depth | 49’10” | 15.19 m |
| Ground floor sales | 632.5 sq ft | 58.8 sq m |
| Basement storage / ancillary | 560.0 sq ft | 52.0 sq m |
Lease
A new underlease is available for a term expiring June 24th 2024, outside the Landlord & Tenant Act 1954.
Rent
£70,000 pa.
VAT
The property is not currently VAT opted.
Legal Costs
Each party to bear their own.
EPC
In preparation copy certificate recommendations available on request.
Business Rates
The property has a rateable value of £51,500 (£53,500 from April 23) and rates payable would for the current year would be £26,368 pa or £13,184 after 50% retail relief (75% from April 23) for qualifying businesses. Interested parties should verify rates position with local authority: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
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.
