Shop & Basement To Let, Notting Hill, W2
23a Chepstow Corner, Chepstow Place, Notting Hill, London W2
Situation & Location
The property is situated on the the western side of Chepstow Place, close to the junction with Westbourne Grove. Other retailers located in the block include Harvey Jones and Farrow & Ball. Space NK is diagonally opposite.
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Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground floor sales | 218 sq ft | 20.26 sq m |
| Basement sales/ancillary | 187 sq ft | 17.37 sq m |
| Basement vaults estimated | 24 sq ft | 2.23 sq m |
Rent
£26,000 per annum exclusive, payable quarterly in advance, subject to five yearly upward only reviews.
Lease
A new lease is available for a term of 10 years, to be taken outside the security of tenure and compensation provisions of the Landlord & Tenant Act 1954.
Common Expenses
Tenant will bear a fair proportion of the cost of maintaining and insuring building structure.
EPC
EPC rating 79 Band D.
Business Rates
The rateable value for the premises is £16,000 and the rates payable for the current year ending 31/03/25 are £7,984 before the current 75% retail relief scheme. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
VAT
Will not apply.
Legal Expenses
Each party to bear their own.
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.
