Fitted, Air-conditioned Retail / Gallery Space to Let, Notting Hill, W11
Ground floor and basement, 1 Lonsdale Road, Notting Hill, London W11
Reduced Rent
Situation & Location
The property is situated on the norther side of Lonsdale Road, at the junction with Ledbury Road, and thus offers a relatively affordable opportunity to operate within the prime Notting Hill fashion hub of Ledbury Road and Westbourne Grove. Other retailers represented close by include Petit Bateau (adjacent), Le Creuset. Ottolenghi, and Penelope Chilvers.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Internal Width | 11’10” | 3.6 m |
| Shop Depth | 22’4” | 6.8 m |
| Ground floor sales | 234 sq ft | 21.7 sq m |
| Ground floor rear office/sales | 125 sq ft | 11.6 sq m |
| Basement kitchen | 38 sq ft | 3.5 sq m |
Amenities
Air conditioning | kitchen | hardwood flooring| gallery lighting
Rent
£47,000 per annum exclusive, payable quarterly in advance.
Lease
A new sub-lease is available until April 2026, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954. Alternatively a longer term may be available, subject to agreement with the freeholder.
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 93 Band D.
Business Rates
The rateable value for the premises from April 23 is £49,250 and the rates payable for the current year ending 31/03/24 would be £24,575 although qualifying business will benefit from 75% discount in the coming year under the retail relief scheme meaning rates payable of £6,144. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
Will not apply.
Possession
August 2023.
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.
