Freehold Vacant Shop for Sale or to Let, London, W10
359 Portobello Road, London W10
Situation & Location
The property is situated on the western side of Portobello Road just to the north of Golborne Road, close to the juntions with Bonchurch and Faraday Roads. Other retailers located nearby include Portobello Princesses, Chic Freak, Girl Beauty and William Hill. This is a rapidly improving location which will benefit from the Portobello Square development opposite (please see masterplan page at www.portobellosquare.co.uk) which will bring new shops and homes to this section of Portobello and will see its route restored to connect to Ladbroke Grove and the possible Crossrail station. View location map.
Description & Accommodation
The property comprises a self contained ground floor shop providing some 300 sq ft (28 sq m) of retail space with kichenette and WC. Internal width 12'7" Shop Depth 27' 3".
The upper parts comprise three flats which are sold on long leases with an unexpired term of approx 90 years at ground rents of £50 pa each (as advised by the vendor).
Terms
The freehold interest is for sale at a price of £275,000 with vacant possession of the ground floor shop and subject to the long leases upstairs.
NB Sale will be subject to residential leaseholders pre-emption rights under L&T Act 1987.
Alternatively a new lease is available, for a term to be agreed, outside the L&T Act 1954, at a rent of £15,000 per annum
Energy Performance Certificate
The shop does not currently have any heating or cooling systems.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £12,750 and the rates payable for the current year ending 31/03/14 are £6,005.25. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
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.
