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Class E Restaurant / Retail with Extraction and Alcohol Licence to Let, Notting Hill, W11

Adjacent to Neal’s Yard Remedies and Jeroboams

Ground Floor & Basement, 11 Elgin Crescent, Notting Hill, London W11

>Class E Restaurant / Retail with Extraction and Alcohol Licence to Let, Ground floor sales 570 sq ft Basement 563 sq ft, Ground Floor & Basement, 11 Elgin Crescent, Notting Hill, London W11

Situation & Location

The property is situated on the the southern side of Elgin Crescent, close to the junction with Portobello Road . Other retailers located in the block include Neal’s Yard Remedies and Jeroboams wine (adjacent); Natoora; The Grocer on Elgin, Oddbins, Graham & Greene (opposite).

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Description & Accommodation

The property comprises a self-contained ground floor and basement Class E restaurant unit providing the following approximate floor areas:-

Ground floor sales 570 sq ft 53 sq m WC
Basement kitchen/ancillary 563 sq ft 52 sq m
Total 1,133 sq ft 105 sq m

Terms

A new full repairing and insuring lease is available for a term of 10 years, or longer by negotiation.

Rent

£65,000 per annum exclusive, subject to five yearly upward only reviews.

Premises Licence

The premises licence is for on and off sales to 23.00 pm and late-night refreshments to 23.30 – further details on request.

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 68 – Band C.

Business Rates

The property has a rateable value of £62,500 per annum, and the rates payable for the current year 22/23 would be £32,000 pa or £16,000 for those qualifying for 22/23 retail discount scheme. Interested parties should check with Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.

VAT

The property is not VAT opted.

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