Greater London, W11 2ED

A GROUND FLOOR SHOP & BASEMENT (A1) IN A PRIME POSITION ON PORTOBELLO ROAD

Overview

For Sale

The premises (A1) has a glazed frontage directly onto Portobello Road, which leads to an open plan retail area occupying the whole ground floor, together with a additional small storage area to the rear edition. The basement is arranged with a storage room to the front of the building and a staff breakout area / kitchenette to the rear, together with staff W/C. There is also a small court yard garden to the rear lower ground floor. Generally in good order.

The premises is not elected for VAT.

Location

The premises is situated in a prime position on the westerly side of Portobello Road in between the junctions with Blenheim Crescent and Elgin Crescent. Other local businesses include Honest Burger, Five Guys, Electric Diner & Cinema, Coffee Plant, Joe & The Juice, The Humming Bird Cafe, Gail's Bakery, Maison Puget Bakery & Cafe, Portobello Arts Club, Cath Kidson, Kurt Geiger, Admiral Vernon Antique Market, Dolphin Arcade and The Ginstitute. Public transport is accessed via Ladbroke Grove (Hammersmith & City line) and Notting Hill Gate (Central, District & Circle lines).

Accommodation

Open plan retail area & storage

Floor: 1

Basement storeage room

Floor: 2

Staff room / kitchenette & W/C

Floor: 2

Court yard garden

Floor: 2

Overall Area: 904 sq ft

· A fully retractable glazed frontage

· Full open plan retail area to the ground floor

· Floor to ceiling racking system to the retail area

· Wood flooring

· Air conditioning

· Kitchenette

· Staff W/C

Tenure

Freehold

Asking Price of £ 1350000

Lease Terms

Smart Range Leather Co Limited have been granted an FRI Lease outside the Landlord & Tenant Act 1954, which commenced on 30th June 2013 and was granted for a 10 year term. The Lease is due to terminate on 30th June 2023 and the passing rent is £52,000 pa

Rateable Value

£46,750 per annum, exclusive

Rates Payable

£23,562 per annum - NB We strongly recommend that you verify the rates with the Royal Borough of Kensington & Chelsea's Business Rates Department on

We strongly advise that you verify these figures with Royal Borough of Kensington & Chelsea City Council Business Rates Department

Possession

The premises is currently occupied by Smart Range Leather Co Ltd, see Commercial Lease Terms.

Legal Costs

Each party is the bear their own legal costs

Viewing Details

Strictly by appointment with Sole Agents Bective Commercial on / or