Prominent Retail Unit with Forecourt to Let, Notting Hill Gate, W11
1a Ladbroke Road, Notting Hill Gate, London W11
Situation & Location
The property is prominently situated in Notting Hill Gate and benefits from the highly affluent resident population and a high volume of visitors. Notting Hill Underground (Central, Circle, District Lines) is close by. Other businesses represented nearby include Uli Restaurant, Portobello Pizza and Marsh & Parsons.
Description & Accommodation
The property comprises a self-contained ground floor shop with forecourt, with kitchen, meeting area and WC. Please see floorplan below.
| Ground Floor Sales | 608 sq ft | 56.5 sq m |
Terms
An assignment of our clients effectively full repairing and insuring lease which has a term of 10 years from 8th June 2023 thus expiring in June 2033.
Current Rent
£55,000 per annum, payable quarterly in advance and subject to upward only review on 9th June 2028.
NB The trading hours are restricted to no later than 7pm.
Guide Price
One Million, Nine Hundred and Thirty Thousand Pounds (£1,930,000) to afford a purchaser initial yield of 6% after usual costs of purchase, with the benefit of considerable future development potential.
Legal Costs
Each party to bear their own.
EPC
Rating 96 (Band D).
Business Rates
The rateable value for the premises is £35,250 and the rates payable for the year ending 31/03/26 are £17,589 pa before any retail relief applicable. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 7361 2828.
VAT
To be confirmed.
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.
