FOR SALE Shop and Upper Parts

174 Portobello Road W11 2EL

glhearn.com FOR SALE SHOP AND UPPER PARTS 174 Portobello Road, London, W11 2EL

LOCATION Portobello Road is located approximately 2.5 miles west of Central London in the Royal Borough of and Chelsea, bordered by Maida Vale to the north, Bayswater to the east, Kensington to the south and to the west. It is home to Portobello Road Market, one of London’s notable street markets, known for its second- hand clothes and antiques.

Public transport is accessed via (Hammersmith & City Line) Underground Station, 0.4 miles to the north west whilst Gate is 0.6 miles to the south (Central, District and Circle). Both stations provide excellent connectivity with the West End and City of London, as well as London station and Westfield shopping centre. The area benefits from numerous bus routes, whilst road links via the A40 and A4 run within 1 mile, linking from Central London to the M40 and M4 motorways respectively.

SITUATION The premises occupy a very busy, mid-parade position on the eastern side of Portobello Road, home to a diverse selection of nearby occupiers.

This property enjoys a highly strategic position, and benefits from extremely dense footfall. Occupiers in the immediate area include Caffe Nero, Timberland, Kurt Geiger Shoes, Joe & The Juice, Sainsbury’s and a host of independent vintage and retro shops.

glhearn.com 2 FOR SALE SHOP AND UPPER PARTS 174 Portobello Road, London, W11 2EL

DESCRIPTION ACCOMMODATION 174 Portobello Road comprises a traditional four storey The unit extends to the following approximate floor areas: terraced building with a part pitched, part flat roof arranged over, ground, first, second and third floors. 174 Portobello Road Size (SQ M) Size (SQ FT) Ground Floor Sales 83.69 901 The ground floor retail space benefits from a glazed Ground Floor ITZA 44.69 481 frontage, and currently provides front of house shop/retail First Floor Ancillary 26.1 281 floor space with stairs to the rear. The upper parts can be separately accessed from a fire exit door to the right of the Second Floor * 41.79 450 retail shop front. Third Floor * 44.56 480

Total 196.14 2,111 The first floor currently provides ancillary and office accommodation. Internally the space benefits from carpeted *Measured GIA floors, suspended ceilings with fluorescent lighting, air conditioning and windows to the front and rear.

The second and third floors can be accessed internally from the first floor as well as from the fire exit door to the front. The space is stripped back to bare walls and floorboards, and is currently being used for storage.

RATES Rateable Value: £120,000 Rates Payable: £60,480

Interested parties should verify these figures with the Local Authority.

ENERGY PERFORMACE CERTIFICATE “D” – Full information on request

glhearn.com 3 FOR SALE SHOP AND UPPER PARTS 174 Portobello Road, London, W11 2EL

EXPERIAN GOAD PLAN - PORTOBELLO ROAD TENURE Freehold

VAT The property has not been elected for VAT purposes.

LEGAL COSTS Each party is to be responsible for their own legal costs

PROPOSAL We are instructed to seek unconditional offers in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds) for the Freehold interest of the above property, excluding standard purchaser’s costs.

VIEWING AND FURTHER INFORMATION By appointment through Sole Agents GL Hearn

Adam Hanline Ed Rohleder T +44 (0)20 7851 2157 T +44 (0)20 3096 5962 E [email protected] E [email protected]

Important Notice 1. This information is intended as a general outline only for the guidance of intending purchasers and does not constitute an offer or contract, or part of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct. Intending purchasers should not, however, rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to their correctness. 3. No person in the employment of GL Hearn Ltd has any authority to make or give any representation or warranty whatsoever in relation to any of these properties. 4. Unless otherwise stated, prices or rents quoted are exclusive of VAT.

July 2019