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OPPORTUNITY TO ACQUIRE A PRIME SITE (A1) ON PORTOBELLO ROAD

For sale: POA|500 - 800 Sq Ft|Retail, General Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE500 - 800 Sq Ft
ADDRESSAppletree Boutique, 127 Portobello Road, London, Greater London, W11 2DY
TYPERetail, General Retail
TENUREFor Sale Freehold
POSTED ON11th September 2019

DESCRIPTION

Location:
The premises occupies a position on the westerly side of Portobello Road in between
the junctions with Lonsdale Road and Westbourne Grove. Other local businesses
include The Hummingbird Bakery, Gail’s Bakery, Admiral Vernon Antique Market,
Portobello Arts Club, Nadi Antiques, Dolphin Arcade, Paul Smith, All Saints and The
Earl of Lonsdale. Public transport is accessed via Notting Hill Gate (Central line) and
Ladbroke Grove (Hammersmith & City line).

Description:
The lock up shop has a glazed frontage directly over looking Portobello Road, which leads to an open plan retail area extending to over 37 ft. There is good ceiling height throughout the premises allowing for extensive floor to ceiling racking or shelving. The rear of the retail area benefits from natural light, from two sky lights and there is a staff W/C.

Accommodation:
Ground floor shop (A1) – GIA 729 sq ft / 67.7 sq m

Amenities:
• Good natural light
• Good ceiling height
• White box finish with racking
• White washed wood floors
• Spot lighting

Tenure:
Freehold

Rateable Value:
£54,000 per annum

(Royal Borough of Kensington & Chelsea)

Rates Payable:
£27,216 per annum

NB – We strongly recommend that you verify the rates with The Royal Borough of Kensington & Chelsea’s Business Rates Department

VAT:
The premises is not elected for VAT

Possession:
The premises is currently let to a souvenir trader on a short term rolling contract at £90,000 per annum exclusive of rates.

Legal Costs:
Each party are to bear their own legal costs

LOCATION

Location: Appletree Boutique, 127 Portobello Road, London, Greater London, W11 2DY

Ladbroke Grove (0.3 miles)

Westbourne Park (0.4 miles)

Notting Hill Gate (0.6 miles)

Paddington (1.2 miles)

Kensington Olympia (1.3 miles)

Queen's Park (1.3 miles)

AGENT'S DETAILS

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