Shop and Basement to Let, Notting Hill Gate, W11
Ground Floor & Basement, 34 Pembridge Road, Notting Hill Gate, London W11
Situation & Location
The property is situated on the the eastern side of Pembridge Road, on the main track from Notting Hill Gate Underground (Central, Circle, District Lines) to Portobello Market. It thus benefits from heavy local resident and tourist footfall. Other retailers in the block include Starbucks, Amorio and Foxtons.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Internal Width | 11' 9" | 2.8 m |
| Shop Depth | 38' | 11.58 m |
| Ground Floor Sales | 610 sq ft | 56.7 sq m |
| Basement storage / ancillary | 680.0 sq ft | 63.2 sq m |
Lease
10 years, effectively full repairing and insuring, from 11 March 2022.
Rent
£55,000 per annum exclusive, subject to upward only review March 2027.
Premium
A premium of £30,000 is sought.
EPC
EPC Rating 59 – Band C.
Business Rates
The rateable value from April 23 is £54,000 meaning rates payable for current year would normally be £27,648 however qualifying occupiers will benefit from 75% relief for remainder of financial year. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
Legal Costs
Each party to bear their own.
VAT
The property is not currently VAT opted.
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.
