Prominent Shop & Basement to Let, Notting Hill, W11
231 Portobello Road, Notting Hill, London W11
Situation & Location
The property is situated on the western side of Portobello Road, close the junction with Westbourne Park Road and benefits from high tourist and local footfall. Other retailers located in the immediate proximity include Jovonna, Tesco Express, Starbucks and Love Hate Social Club.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground floor sales | 340 sq ft | 31.6 sq m |
| Basement Ancillary | 392 sq ft | 36.4 sq m |
| Total | 732 sq ft | 68.0 sq m |
Rent
£43,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only review.
Lease
A new effectively full repairing and insuring lease is available for a term of 10 years.
Common Expenses
Lessee to meet fair share of cost of maintaining and insuring building structure.
Legal Costs
Each party to bear their own.
EPC
EPC Rating 75 – Band C.
Business Rates
The rateable value for the premises from April 23 is £28,000 and the rates payable for the year ending 31/03/24 would be £13,972 although qualifying business will benefit from 75% discount in the coming year under the retail relief scheme meaning rates payable of £3,493. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
VAT will be payable in addition to rent and other sums.
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.
