Prime Shop to Let, Notting Hill, W11
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.
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.
