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LOCATED WITHIN AN ESTABLISHED RETAIL PITCH ON KENSINGTON HIGH STREET WITHIN CLOSE PROXIMITY TO THE UNDERGROUND STATION. NEW LEASE AVAILABLE (SUBJECT TO VACANT POSSESSION) Located in one of London’s most sought after retail and tourist locations, the unit is located within a prominent position on Kensington High Street, within close proximity to Kensington Arcade and underground station. The premises is situated between a vibrant mix of retail operators and sits adjacent to Oliver Bonas and IQOS. Other nearby retailers include Vodafone, Whole Foods, Calzedonia, Uniqlo, Zara Home, Massimo Dutti, Muji, Trotters, and Cos. Alongside successful F&B operators nearby include The Ivy, Dishoom, Joe & The Juice, Bills, Five Guys and Oree Café and many more.
Property DetailsTERMThe property is available by way of a new effectively FR&I lease for a term to be agreed. The lease will be contracted outside the Security of Tenure and Compensation provisions of the Landlord and Tenant Act 1954.RENTOffers are sought in excess of £185,000 per annum, exclusive of rates, service charge, insurance and VAT.USEThe property benefits form Class A1 of the Town & Country Planning (Use Classes) Order 1987. Our client will consider all uses with the new “Class E” planning consent.BUSINESS RATESWe have been advised by the Local Authority that the premises are currently exempt from paying business rates until 1st April 2021. For guidance purposes the current rateable value for the property is £170,000. With rates payable (yr 20/21) circa £90,440. Prospective tenants are advised to confirm any rating liability directly with the Local Authority.EPC RATINGAn EPC is available upon request.
131 Kensington High Street,
TransportHigh Street KensingtonCircle, District