Prominent Corner Class E Unit to Let, Notting Hill, W11
Ground Floor and Basement, 152-154 Portobello Road, Notting Hill, London W11
Situation & Location
The property is situated on the the eastern side of Portobello Road at its junction with Colville Road and Elgin Crescent. Other retailers located close by, in this section of the world famous market street, include Patty & Bun, Bird & Blend, Holland & Barrett and Five Guys.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit, with ground floor kitchen and WC, providing the following approximate floor areas:-
| Internal Width | 34’ 5” | 10.5 m |
| Shop Depth | 24’3” | 7.4 m |
| Ground floor sales | 778 sq ft | 72.3 sq m |
| Basement ancillary | 692 sq ft | 64.4 sq m |
Rent
£130,000 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 15 years, inside the Landlord & Tenant Act 1954.
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.
Business Rates
The rateable value for the premises is £142,891 and the rates payable for the current year ending 31/03/23 would therefore be £73,160 HOWEVER this assessment mistakenly includes a first floor office and should be amended. On this basis we estimate a rates liability of some £61,800 for this financial year. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Not currently opted.
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.
