Prominent Corner Class E Retail Unit to Let, Holland Park, W11
Ground Floor, 118 Holland Park Avenue, Holland Park, London W11
Situation & Location
The property forms part of a very busy local centre serving the highly affluent local population and is prominently situated at the junction with Portland Road. Other retailers close by include Supermarket of Dreams, the Rug Company, Lidgates butchers, Speck deli, Nicolas, Jeroboams Daunt Books, Joe & The Juice and Paul.
Description & Accommodation
The property comprises a self-contained ground floor shop currently operating as an estate agent, having the following approximate floor areas:-
| Internal Width | 20’1” | 6.35 m |
| Shop Depth | 36’7” | 12 m |
| Ground floor sales | 626 sq ft | 58 sq m |
Amenities
Kitchen & WC
Rent
£85,000 per annum subject to five yearly upward only review.
Lease
A new 10 year full repairing and insuring lease is available.
Legal Costs
Each party to bear their own.
EPC
In preparation.
Business Rates
The rateable value for the premises is £66,500 and the rates payable for the forthcoming year ending 31/03/23 are £34,048 pa or £17,024 after 50% retail relief. 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.
Possession
From September 2022.
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.
