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Class E Shop & Basement to Let, Notting Hill, W11

Ground Floor & Basement, 300 Westbourne Grove, Notting Hill, London W11

>Class E Shop & Basement to Let, 1,300 sq ft 120 sq m nia, Ground Floor & Basement, 300 Westbourne Grove, Notting Hill, London W11

Situation & Location

The property is prominently situated close to the junction of Westbourne Grove and Kensington Park Road. Nearby occupiers include Paul Smith, Knight Frank, Notting Hill Fish Shop, La Brasseria, and Sally Clarke Bakery.

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Description & Accommodation

The property comprises a self-contained ground floor and basement retail unit providing the following approximate net internal floor areas (floorplans on request):-

Ground floor sales 626 sq ft 58.2 sq m WC
Basement sales - WC private external entrance & internal stair to GF. 670 sq ft 62.3sq m
Total 1,296 sq ft 120.5 sq m

Guide Rent

£75,000 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, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954, with a mutual break at the end of the tenth year.

Common Expenses

Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.

EPC

To be prepared upon completion of landlord’s works - copy report and recommendations at that time.

Business Rates

The rateable value for the premises is £89,000 and the rates payable for the current year ending 31/03/23 are £45,568 or £22,784 for businesses qualifying for the retail discount 22/23. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.

VAT

The property is not currently VAT opted.

Legal Costs

Each party to bear their own.

Possession

Immediate upon completion of legal formalities, or completion of landlord’s works to be agreed.

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