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