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Retail Premises in Prime Position, 7 Elgin Crescent, Kensington & Chelsea, W11 2JA

1,238 Sq Ft / Retail / Class E - incl Office Leisure Healthcare

To Let - £75,000.00 per annum

Available - Last updated: 05 November 2024

A ground floor and basement shop (use class E), formed from a 2 storey, mixed-use, Victorian terraced building. The attractive threequarter glazed frontage leads to an open plan retail area, currently fitted as a charity shop, with public access compliant stairs descending to the basement area and 2 changing rooms to the rear edition. The basement is arranged with an open plan retail area / office / storage, kitchen, W/C and 3 tanked vaults. To the rear of the basement is access via French Windows to a courtyard.

The premises is presented in good order and fitted with Halogen spotlights, track lighting and smoke alarms.

Location

The premises are situated in a parade of shops and uppers on the southerly side of Elgin Crescent, in between the junctions with Portobello Road and Kensington Park Road. Other local operators include, Graham & Green, Neal’s Yard Remedies Store, Jeroboams, Amathus Notting Hill, The Grocer On Elgin, Natoora Counter, Maison Puget, Gail’s Bakery, Cathcart London, Sunspel, Eggslut Portobello, Honest Burger, Five Guys, Portobello Star, Harris Arcade, The Dolphin Arcade and the Electric Cinema. Public transport is accessed via Kensington Park Road (buses) and Ladbroke Grove (Hammersmith & City line and buses).

Accommodation

Ground Floor - 495.00 sq ft (45.99 sq m)

Basement - 743.00 sq ft (69.03 sq m)

TOTAL - 1,238.00 sq ft (115.01 sq m)

Terms

LEASE TERMS: To grant a new FRI Lease outside the Landlord & Tenant Act 1954 fro a term to be negotiated.

RENT: £75,000.00

SERVICE CHARGE: Percentage of costs, maintenance as and when.

POSSESSION: Full vacant possession immediately on completion of legal formatlities.

VAT: Not elected for VAT

RATES:

Rateable Value: £31,250 per annum
Rates Payable: £15,593.75

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

  • Fully glazed frontage
  • Ground floor retail area
  • Basement retail area
  • Kitchenette
  • W/C
  • Tanked vaults storage
  • Track & spot lighting
  • Smoke alarm

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £75,000.00 per annum

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Agency Team

Knight Commercial London

020 3369 0656

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