Menu

Freehold Vacant Shop for Sale or to Let, London, W10

359 Portobello Road, London W10

Sold
Freehold Vacant Shop for Sale, 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.

Commercial property agents | Property management agents | Commercial property management | Commercial property | Shops for let | Offices to rent | Kensington commercial property | Notting Hill commercial property | Holland Park commercial property | Portobello commercial property | Shops for rent in Kensington | Shops for rent in Notting Hill | Shops for rent in Holland Park | Shops for rent in Portobello | Office to let in Kensington | Office to let in Holland Park | Office to let in Notting Hill | Office to let in Portobello | Block management | Block management Kensington | Block management Notting Hill | Block management Holland Park
JMW Barnard LLP registered office: North Lodge, Brockham Green, Betchworth, Surrey, RH3 7JS - Registered in England Number: OC314826
JMW Barnard Management Ltd registered office: 2 Jardine House, Bessborough Rd, Harrow, Middlesex, HA1 3EX - Registered in England & Wales Number: 04407956