Property Overview

A GROUND & LOWER GROUND FLOOR SHOP (A1) IN AN ATTRACTIVE VICTORIAN PARADE

Overview

For Sale

The premises has a fully glazed frontage, leading to a front light well and staircase, with an open plan retail area of two sections beyond. The floor has been raised to give greater headroom in the lower ground floor. The lower ground floor is arranged with a further retail area / office to the front of the building and a storeroom to the rear. There is also a kitchenette, W/C and vaults store area to the front of the lower floor. The condition is good throughout. The premises is elected for VAT. The premises is also To Let at £39,000 pax.

Location

The premises is situated on the westerly side of Powis Terrace adjacent to the junction with Westbourne Park Road. Other local businesses include C.P. Hart Notting Hill, Edwins Bathrooms, Rogers Coleridge & White, Sophie Hicks Architects, The Butter Bakery, The Rum Kitchen, The Chipping Forecast, The Tin Shed and the Ledbury. Public transport is accessed via Ladbroke Grove and Westbourne Park Tube Stations (Hammersmith & City line).

Accommodation

Ground Floor Retail Area
Floor: 1

Lower Ground Floor Retail Area / Office
Floor: 2

Kitchenette & W/C
Floor: 2

Storeroom & Vaults Storage
Floor: 2

Overall Area: 1,446 sq ft

·         Fully glazed frontage onto Powis Terrace

·         High ceilings to the ground floor

·         Good ceiling height to the lower ground floor

·         Ground floor open plan retail area

·         Lower ground floor open retail area / office

·         Storeroom

·         Kitchenette

·         W/C

·         Vaults area

·         Painted blue, good order

·         Carpeted ground floor, wood flooring to the lower floor

·         Track spot lights

Tenure

Virtual Freehold, 999 years from 09-02-1998

Asking Price of £ 780000

Lease Terms

A new FRI Lease for a term to be negotiated, outside the Landlord & tenant Act 1954.

Rateable Value

£34,000 per annum

Rates Payable

£16,320 per annum - NB We strongly recommend that you verify the rates with the Royal Borough of Kensington & Chelsea’s Business Rates Department on 0208 315 2082

We strongly advise that you verify these figures with Royal Borough of Kensington & Chelsea City Council Business Rates Department

Possession

Full vacant possession immediately upon completion of legal formalities

Legal Costs

Each party is to bear their own legal costs

Viewing Details

Strictly by appointment with Sole Agents Bective Commercial on 0207 985 0715

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Powis Terrace London

£780,000
Sold
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Property Overview

A GROUND & LOWER GROUND FLOOR SHOP (A1) IN AN ATTRACTIVE VICTORIAN PARADE

Overview

For Sale

The premises has a fully glazed frontage, leading to a front light well and staircase, with an open plan retail area of two sections beyond. The floor has been raised to give greater headroom in the lower ground floor. The lower ground floor is arranged with a further retail area / office to the front of the building and a storeroom to the rear. There is also a kitchenette, W/C and vaults store area to the front of the lower floor. The condition is good throughout. The premises is elected for VAT. The premises is also To Let at £39,000 pax.

Location

The premises is situated on the westerly side of Powis Terrace adjacent to the junction with Westbourne Park Road. Other local businesses include C.P. Hart Notting Hill, Edwins Bathrooms, Rogers Coleridge & White, Sophie Hicks Architects, The Butter Bakery, The Rum Kitchen, The Chipping Forecast, The Tin Shed and the Ledbury. Public transport is accessed via Ladbroke Grove and Westbourne Park Tube Stations (Hammersmith & City line).

Accommodation

Ground Floor Retail Area
Floor: 1

Lower Ground Floor Retail Area / Office
Floor: 2

Kitchenette & W/C
Floor: 2

Storeroom & Vaults Storage
Floor: 2

Overall Area: 1,446 sq ft

·         Fully glazed frontage onto Powis Terrace

·         High ceilings to the ground floor

·         Good ceiling height to the lower ground floor

·         Ground floor open plan retail area

·         Lower ground floor open retail area / office

·         Storeroom

·         Kitchenette

·         W/C

·         Vaults area

·         Painted blue, good order

·         Carpeted ground floor, wood flooring to the lower floor

·         Track spot lights

Tenure

Virtual Freehold, 999 years from 09-02-1998

Asking Price of £ 780000

Lease Terms

A new FRI Lease for a term to be negotiated, outside the Landlord & tenant Act 1954.

Rateable Value

£34,000 per annum

Rates Payable

£16,320 per annum - NB We strongly recommend that you verify the rates with the Royal Borough of Kensington & Chelsea’s Business Rates Department on 0208 315 2082

We strongly advise that you verify these figures with Royal Borough of Kensington & Chelsea City Council Business Rates Department

Possession

Full vacant possession immediately upon completion of legal formalities

Legal Costs

Each party is to bear their own legal costs

Viewing Details

Strictly by appointment with Sole Agents Bective Commercial on 0207 985 0715

 


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Bective Leslie Marsh