Greater London, W8 4JF

AN ATTRACTIVE CORNER RETAIL PREMISES IN THE HEART OF KENSINGTON

Overview

To Let

The premises has a duel aspect, part glazed panel frontage, looking directly over Gordon Place and Holland Street. The corner entrance leads to an open plan retail area, with a rear office, storeroom and W/C. The premises is currently trading as jewelers Manguette and is good decorative order.

The premises is NOT elected for VAT.

Location

The premises is situated on the south westerly corner of the junction of Gordon Place and Holland Street. Other local businesses include, Petal Vibes Flower Shop, Musa, 8 Holland Street Gallery, Willer, Richard Young Gallery, Platter London, Randa By Maroush, Chakra, Marcela's, Cool Creative Hair Salon and The Elephant & Castle. Public transport is accessed on nearby Kensington Church Street (buses) and Kensington High Street (buses and District & Circle lines).

Accommodation

Open plan retail area

Floor: 1

Office

Floor: 1

Storeroom and kitchenette

Floor: 1

W/C

Floor: 1

Overall Area: 526 sq ft

· Glazed corner frontage

· Good natural light

· Water heater

· Kitchenette

· W/C

Tenure

Leasehold

Asking Price of £ 35000 per annum

Lease Terms

To take assignment of the current FRI Lease, which has been granted outside the Landlord & Tenant Act 1954 for a term of 12 years, lease ending May 2028. Rent reviews are every 4 years, with the next rent review due on 11th May 2020, agreed at £35,000 pa

Service Charge

TBC

Rateable Value

£31,500 per annum

Rates Payable

£15,876 per annum - NB We strongly advise that you verify the rates with the Royal Borough of Kensington & Chelsea's Business Rates department on

Possession

Full vacant possession immediately on completion of legal formalities

Legal Costs

Each party is to cover their own legal costs

Viewing Details

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