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
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.
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.
