A retail premises occupying the ground floor of a 2 storey, Victorian, terraced mixed-use building. The premises has a fully glazed frontage leading to an open plan retail area fitted with two changing rooms. To the rear is an enclosed and glazed side return, together with a further ancillary storeroom / office, fitted with a kitchenette and W/C to the rear. The premises is generally in good order and benefits from down lighting, wood flooring and central heating (not tested).
Location
The premises are situated in a parade of shops on the south / westerly side of Portobello Road, in between the junctions with Golborne Mews and Chesterton Road. Other local businesses include, Ace & Tate, Cubitts, Found & Vision, Rove London, Speciale Clothing, Floral Studio, Swanky Portobello, Trove Home Furniture Shop, Sarah Hammond Interiors, 88 Antiques, Le Labo Perfume Store, Of The Bea, Sharp & Flask, Lisboa Patisserie, Falafel King, Georges Fish & Chips, Lowry & Baker, Golborne Deli, Layla Bakery, Klear Labs, Straker’s Modern European, Caia Modern European and Cacciari’s Portobello Italian. Public Transport is accessed via Ladbroke Grove (Buses & Hammersmith & City line).
Accommodation
Ground Floor - 724.00 sq m (67.26 sq m)
Terms
LEASE TERMS: To take assignment of the the current FRI Lease granted outside the Landlord & Tenant Act 1954 for a term of 10 years from July 2023. There is an upward only rent review at the 5th anniversary of the Lease.
RENT: £36,000 per annum, exclusive // Premium £25,000
SERVICE CHARGE: On application
RATES:
Rateable Value: £22,000 per annum
Rates Payable: £10,978 per annum
NB - We strongly recommend that you verify the rates with The Royal Borough of Kensington & Chelsea's Business Rates Department on 0207 361 2828.
LEGAL COSTS: Each party to be responsible for their own legal costs.
VAT: Not elected for VAT
EPC: Available upon request.
POSSESSION: Vacant possession immediately on completion of legal formalities.
Specification
- Prominent glazed frontage
- Good natural light & high ceilings
- Retail area & 2 changing rooms
- Glazed side return office
- Kitchenette
- Storeroom & W/C
- Pendent spot lights
- Gas central heating