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Fitted, Air-conditioned Retail / Gallery Space to Let, Notting Hill, W11

Ground floor and basement, 1 Lonsdale Road, Notting Hill, London W11

Reduced Rent

Let - April 2024
Fitted, air-conditioned retail/gallery space to let, 639 sq ft (59 sq m sales), Ground floor & basement, 1 Lonsdale Road, Notting Hill, London W11

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.


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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.

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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