Prominent Shop and Basement To Let, Notting Hill, W11
No hot food or souvenir shops considered
Ground floor & basement, 144 Portobello Road, Notting Hill, London W11
Situation & Location
The property is situated on the eastern side of Portobello Road, close to the junction with Lonsdale Road. It enjoys a prominent situation in this world famous street, with other businesses located in the block including Gails, Maison Puget and a new Poppys Fish & Chips outlet.
View Photo GalleryDescription & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Internal Width at front | 16’ 1” | 4.9m |
| Shop Depth | 42ft | 12.8 m |
| Ground floor sales | 685 sq ft | 63.7 sq m |
| Basement sales | 634 sq ft | 58.9 sq m |
Amenities
Air Conditioning | Central Heating (not tested)
Rent
£90,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new, effectively full repairing and insuring lease is available for a term of 10 years, to be taken inside the Landlord & Tenant Act 1954.
Common Expenses
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
EPC
In preparation.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £56,000 and the rates payable for the current year ending 31/03/ 24 are £28,672 before any retail relief which is available (with a limit) at 75% for this financial year and next. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 0207-361 2828.
VAT
To be confirmed.
Legal Costs
Each party to bear their own legal costs in connection with the grant of the lease; incoming tenant to bear both parties professional fees in connection with any Licence to Alter.
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.
