Prominent Retail Unit to Let A1/A2 Use - Bayswater/Notting Hill, W2
118c Westbourne Grove, Bayswater/Notting Hill, London, W2
Situation & Location
The property is prominently situated at the junction of Westbourne Grove and Chepstow Road. Other retailers located nearby include Monsoon, Paperchase, Carluccios, Evans Cycles, Cote, Farrow & Ball and Gotham. View location map.
Description & Accommodation
The property comprises a self-contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground Floor Sales | 456 sq ft | 42.4 sq m |
| Basement Sales | 252 sq ft | 23.4 sq m |
| Basement Storage | 96 sq ft | 8.9 sq m |
| Basement Kitchen | 56 sq ft | 5.2 sq m |
Amenities
Air handling system | Hardwood flooring | Kitchen WC
NB We are advised that basement services are arranged in a way which will factilitate use as a number of treatment rooms.
Terms
A new effectively full repairing under lease is available for a term of at 10 years an initial rent of £60,000 per annum exclusive, subject to five yearly upward-only rent reviews.
A service charge and insurance charges are levied by the freeholder – details on request.
Energy Performance Certificate
Copy EPC and recommendations are available on request.
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £34,750 and the rates payable for the current year ending 31/03/15 are £16,749. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
The property is VAT opted and the rent will therefore be subject to VAT in addition.
Possession
Immediate upon completion of legal formalities.
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.
