A MID-TERRACE LOCK UP SHOP & GARDEN FLAT IN CENTRAL NOTTING HILL
Overview
To Let
The premises is situated on the westerly side of All Saints Road, fronting directly onto the mid-section of the street, between the junctions with McGregor Road and Lancaster Road. Other local businesses include The Chipping Forecast, The Italian Job, The Tin Shed, The Little Yellow Door, 7 Saints, Dorin & Coppel, Edwins Bathrooms, Arbras Gallery and Firezza Pizza.
The premises is elected for VAT.
The premises (A1) has a glazed frontage leading to a bright open plan retail area, with an office, storage and a W/C to the rear. White box finish, generally in good order.
The lower ground floor garden flat (C3) is accessed via a private entrance to the front of the building, which leads to an entrance hall, double bedroom and en-suite bathroom. There is a full width reception / kitchen to the rear opening onto a southerly facing court yard garden. Additionally there is storage and three vaulted areas to the front of the building, accessed via the bedroom.
Ground floor shop (A1) - GIA 525 sq ft / 48.8 sq m
Garden flat (C3) - GIA 596 sq ft / 55.4 sq m
Vaults - GIA 101 sq ft / 9.4 sq m
Storage - GIA 12 sq ft / 1.1 sq m
Open plan retail area
Floor: 1
Office & W/C
Floor: 1
Reception / kitchen & garden
Floor: 2
Bathroom & bedroom
Floor: 2
Overall Area: 1,235 sq ft
· Three quarter glazed frontage
· Good ceiling height & natural light
· Wood flooring
· Track and spot lighting
· Intruder alarm & cameras
· Gas boiler
Leasehold, the Head Lease was issued on 28th September 1981 for a term of 120 years
Asking Price of £ 1170000
Lease Terms
The premises is currently let to Venusrox, who have been granted an FRI Lease outside the Landlord & Tenant Act 1954 for a term of 12 years from 1st November 2015. The passing rent is £28,000 pax., before rising to £30,000 pax. as of 1st November 2023
Service Charge
TBC
Ground Rent
TBC
Rateable Value
£20,250 per annum
Rates Payable
£9,942.75 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 A1 commercial premises is let to Venusrox and the residential flat is currently vacant.
Each party is the bear their own legal costs
Viewing Details
Strictly by appointment with Sole Agents Bective Commercial on /
or at