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Prime Shop to Let, Notting Hill, W11

166 Portobello Road, Notting Hill, London W11

Let - June 2022
>Prime Shop to Let, 735 sq ft (68.3 sq m) gf sales, 166 Portobello Road, Notting Hill, London W11

Situation & Location

The property is situated in a prime position on the the eastern side of Portobello Road, opposite The Electric. Other retailers located in the block include Holland & Barrett, Bird & Blend, Joe & The Juice, Whittard, 3Bis Gelato, Goldsmith Vintage.


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Description & Accommodation

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

Internal Width 12' 3'' 3.7 m
Shop Depth 45' 3'' 13.8m
Ground floor front sales 471 sq ft 43.8 sq m
Ground floor rear sales/storage 264 sq ft 24.5 sq m
Office/Store plus WC 20 sq ft 4.0 sq m

Rent

£60,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.

Lease

A new lease is available for a term of up to 10 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

EPC rating 94 Band D.

Business Rates

The rateable value for the premises is currently £68,000 and the rates payable for the current year ending 31/03/23 would be approx £34,816, however qualifying retail uses should receive 50% Covid relief until April 2023. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.

VAT

Will not apply.

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