Location
Located in the heart of Notting Hill is the world-renowned, colourful, and bustling street of Portobello Road. Portobello Market has grown so successful that it now boasts a footfall of up to 80,000 people* on a single Saturday. *pre-covid-19 figures
The shop is situated in the world-famous antique street market section of Portobello Road close to the junction with Westbourne Grove with nearby occupiers including All Saints, Admiral Vernon Antique Market, Gail’s Bakery, The Humming-Bird Bakery, Naomi Tate, and The Portobello Arts Club. Notting Hill Underground Station is just a short walk away.
Income
The premises are let to Hermanos Columbian Coffee Roasters on lease for a term expiring in August 2022 at a rental of £75,000 pax.
Hermanos are a premium quality 9-branch chain of coffee roasters (https://hermanoscoffeeroasters.com/) who have expressed a desire to renew the lease for a longer term.
Price
We are instructed to seek a price in excess of £1,750,000, subject to contract for the freehold investment.
Accommodation
The premises are arranged on ground floor only having the following approximate dimensions and floor areas:
| Net Frontage | 12 ft | 3.6 m |
| Internal Width | 14 ft | 4.2 m |
| Shop Depth | 52 ft | 15.84 m |
| Ground Floor Area | 750 sq ft | 69.7 sq m |
Legal Costs
Each side to bear its own legal costs.
Contact
Tim Kourides
tim@tkretailproperty.com
07799 628 860