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
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).
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.
