Class E Shop & Basement To Let, Notting Hill Gate, W11
17 Pembridge Road, Notting Hill Gate, London W11
Situation & Location
The property is situated on the western side of Pembridge Road which at this point enjoys a heavy pedestrian flow from Notting Hill Gate underground (Circle, Central, District lines) to the Portobello Market. Other retailers located in the block include Marsh & Parsons, Arancina, Brown & Rosie, Etis and Bubbleology.
Description & Accommodation
Comprises a self-contained retail property providing the following approximate net floor areas:-
| Basement Sales | 200 sq ft | 18.6 sq m |
| Ground Floor Sales | 201 sq ft | 18.7 sq m |
| Total Sales | 401 sq ft | 37.3 sq m |
Rent
£42,500 per annum subject to five yearly upward only reviews.
Lease
A new 10 year, effectively full repairing and insuring, lease is available.
Legal Costs
Each party to bear their own.
EPC
In preparation.
Business Rates
The rateable value from April 23 is £38,750 meaning rates payable for current year would normally be £19,336 however qualifying occupiers will benefit from 75% retail relief meaning a rates liability of £4,834 for year to April 2024. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
Possession
Immediate upon completion of legal formalities.
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.
