Substantial A2 Retail Unit to Let, London, W2
12 Chepstow Road, London, W2
Suitable for alternative uses, subject to planning
Situation & Location
The property is situated on the eastern side of Chepstow Road, close to the junction with Westbourne Grove. Other retailers located nearby include Sweaty Betty, Monsoon, Carluccio's and Farrow & Ball. View map - shop to let.
Description & Accommodation
The property comprises a self contained ground floor and basement retail unit within Class A2 providing the following approximate floor areas:-
| Sales area | 404 sq ft | 37.5 sq m |
| Side office | 80.42 sq ft | 7.5 sq m |
| Rear area | 417 sq ft | 38.7 sq m |
| Total | 901 sq ft | 83.7 sq m |
Basement (currently divided into seven treatment room)
Net internal area 695 sq ft 64.6 sq m
Gross internal 869 sq ft 80.7 sq m
Amenities
Wooden floorcoverings, part air conditioned, recessed downlighters, fitted kitchen, storage vaults, M&F WC's, sinks to treatement rooms (bar one).
Terms
A new effectively full repairing and insuring lease is available for a term of 10 years of at an initial rent of £75,000 per annum exclusive, subject to five yearly upward-only rent reviews
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £24,500 and the rates payable for the current year ending 31/03/ are £7,975. Interested parties should make their own enquiries and confirm: City of Westminster 020 8315 2050.
VAT
The property is not elected for VAT purposes.
Possession
Immediate upon completion of legal formalities.
Legal Costs
Each party to bear their own.
Contact
Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@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.
