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Prominent Retail Premises, 331 Portobello, Kensington & Chelsea, W10 5SA

724 Sq Ft / Retail / General Retail

To Let - £36,000.00 per annum

Available - Last updated: 03 June 2024

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

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £36,000.00 per annum

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Agency Team

Knight Commercial London

020 3369 0656

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