Entire Retail Property To Let, Notting Hill Gate, W11
On main pedestrian route to Portobello Road
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.
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.
