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Entire Retail Property To Let, Notting Hill Gate, W11

On main pedestrian route to Portobello Road

31 Pembridge Road, Notting Hill Gate, London W11

Let - February 2022
>Entire Retail Property To Let, On main pedestrian route to Portobello Road, 1,078 sq ft 100 sq m net, 31 Pembridge Road, Notting Hill Gate, London W11

Situation & Location

The property is situated on the western side of Pembridge Road which at this enjoys a heavy pedestrian flow from Notting Hill Gate underground (Circle, Central, District lines) to the Portobello Market. Other retailers located in the block include Bubbleology and Amoret Coffee.


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Description & Accommodation

The property comprises a self-contained retail property providing the following approximate net floor areas:-

Basement Sales 378 sq ft 35.2 sq m
Basement Staff/Kitchen 27.3 sq ft 2.5 sq m
Ground Floor Sales 314 sq ft 29 sq m
Mezzanine Storage Sales 79 sq ft 7.4 sq m
First Floor Sales 199 sq ft 18.5 sq m
First Floor Store 81 sq ft 7.5 sq m

Total Sales 970 sq ft 90.3 sq m Total Ancillary 108 sq ft 10 sq m

Terms

The property of offered on two alternative bases:-
either a short-term internal repairing and insuring lease of up to five years, to be taken outside the Landlord & Tenant Act 1954, at a rent of £60,000 per annum
or a longer-term lease for 10 years, inside the 1954 Act, on full repairing and insuring terms, and with provision for five yearly upward only rent reviews, for which a rent of £75,000 per annum is quoted.

VAT

Will not apply.

Legal Costs

Each party to bear their own.

EPC

Energy Performance Asset Rating 54- Band C.

Business Rates

The rateable value for the premises is £40,000 and the rates payable for the current year ending 31/03/22 would normally be £19,960 but currently benefits from 66% covid relief and 50% for the forthcoming year ending 31.3.23 to give rates payable of £9,980 per annum. Interested parties should make their own enquiries and confirm: - 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