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Shop & Basement to Let, Notting Hill Gate, W11

Ground Floor & Basement, 16 Pembridge Road, Notting Hill Gate, London W11

>Shop & Basement to Let, Ground floor sales 60 sq m,  Basement 49 sq m, 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.

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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

An assignment of our clients full repairing and insuring lease, inside the Act, expiring 24th June 2024 with a current rent of £70,000 per annum, alternatively an underlease or a new lease direct from the Landlord may be available.

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 pa and rates payable would normally be £25,698 before any Covid or other relief. 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.

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JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956