A ground floor and basement retail premises forming part of a 3 storey, mixed-use, Victorian, terraced building. The fully glazed frontage leads to an open plan, front to back retail area, with an office and kitchenette to the rear. Stairs to the front of the ground floor retail area descend to the basement which is arranged as a further retail area, storeroom, W/C and 3 storage vaults (tanked and ventilated).
The premises is decorated to a high standard with white walls and a tiled floor, good order.
Location
The premises are situated in a parade of shops and residential upper parts on the easterly side of Ledbury Road, in between the junctions with Westbourne Grove and Ledbury Mews North. Other local operators include, Kama Ayurveda, Blink Brow Bar, Face Gym, Sweaty Betty, Maison SL, La Coqueta, Finlay Opticians, Aime, Paolita, Flabelus, Zadig & Voltaire, Jigsaw, Reformation, Free People, Kooples, Laduree, Daylesford Organic, L’Eto, Ottolenghi, Juice Baby and Grainger & Co. Public transport is via Westbourne Grove (buses) and Notting Hill Gate Station (Central, District and Circle lines).
Accommodation
Ground Floor - 697.00 sq ft (64.75 sq m)
Basement - 743.00 sq ft (69.03 sq m)
TOTAL - 1,440.00 sq ft (133.78 sq m)
Terms
LEASE TERMS: To take Assignment of the current FRI Lease granted outside the Landlord and Tenant Act 1954 for a 10 year term, terminating on 23rd September 2029. Option to take a new FRI Lease outside the Landlord & Tenant Act 1954 for a term to be negotiated, rent fixed at £85,000 pax.
RENT: £85,000.00
SERVICE CHARGE: On application
POSSESSION: Full vacant possession immediately on completion of legal formalities.
VAT: The building is not elected for VAT.
RATES:
Rateable Value: £64,000 per annum
Rates Payable: £32,768 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.
EPC: Available upon request.
Specification
- Promenant glazed frontage
- x2 floors of retail area
- Good ceiling height throughout
- White box finish
- Black tiled floors
- Air conditioning (both floors)
- Track spot lights
- Wired in ceiling speakers