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Substantial Class E Retail Unit to Let, Notting Hill, W11

To Let - No Premium – All Class E uses considered

25 Kensington Park Road, Notting Hill, London W11

Under Offer
>Substantial Class E Retail Unit to Let, To Let - No Premium – All Class E uses considered, 1,590 sq ft 148 sq m, 25 Kensington Park Road, Notting Hill, London W11

Situation & Location

The property is situated on the the western side of Kensington Park Road, close to the junction with Elgin Crescent which leads to Portobello Market. Other retailers located in the block include Provenance butchers, Sunspel, Lutyens & Rubenstein books, West Village. Osteria Basilica and Orasay restaurants also operate in the block, with E&O at the nearby junction.

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Description & Accommodation

The property comprises a self-contained ground retail unit, planned over ground, two mezzanine and basement floors providing the following approximate floor areas:-

Internal Width 18’ 9” 5.7 m
Shop Depth 56’ 8” 17.3 m
Ground Floor Sales 246 sq ft 22.9 sq m
Mezzanine Sales 315sq ft 29.3 sq m
Second Mezzanine level sales 716 sq ft 66.5 sq m
Basement sales 183 sq ft 17.0 sq m
Basement ancillary 130 sq ft 12.0 sq m

Rent

£87,500 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.

Lease

A new effectively full repairing and insuring lease is available for a term of up to 15 years.

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.

EPC

In preparation - copy report and recommendations available on request.

Business Rates

The rateable value for the premises is £75,500 and the rates payable for the current year ending 31/03/22 are £38,656 or £19,328 after 50% retail relief for qualifying businesses. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.

VAT

To be advised.

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