Unit 8, Portobello Green Arcade

The Shop

Situated within the purpose-built covered shopping arcade comprised of 25 independent retail outlets. A spacious central thoroughfare with entrances from Portobello Road and Thorpe Close, makes this arcade a popular and practical base for a range of creative traders. The arcade has tiled flooring, modern ceiling and lighting, wide entrances and modern decor. 

The workspace / studio is conveniently situated outside the congestion charge zone on Portobello Road. There is no allocated parking for the units. However, transport connections are excellent, with Ladbroke Grove underground station (which is served by the Hammersmith & City Line) within 5 minutes and major bus routes running regularly along Ladbroke Grove. There is also easy access to the A40, providing quick links to major motorways (M4, M1 and M25).

Nearby, the hubs of Portobello, Notting Hill, Holland Park and Westfield provide excellent additional shopping, restaurants, bars and parks, whilst Central London is only 30 minutes away

Business Rates payable are estimated to be £5,114.75 with a current rateable value of £10,250.00. Interested parties are encouraged to make their own enquiries using the government website for further information.

Selection Process:

The selection process is split into three rounds.

Round One is where the panel assess the suitability of the business proposal for the unit. This is based on the information provided within the application and how the business will have a positive effect on the local area. Successful applicants will be informed and given the opportunity to strengthen their submissions.

Round Two assesses the quality of the submission and proposed idea for the space, against a lettings criteria matrix. The top three submissions which score highest will be through to the final round.

The Final Round is an in-person interview with members of the selection panel.

We expect a high volume of submissions, so please ensure you have completed your application in full by the deadline.

Any submissions after the deadline - 5pm on Friday 10 January 2025 - will not be considered.

Terms:

• Tenancy is offered subject to references on a 3 year Lease.
• The rent (including service charge) is to be paid monthly in advance.
• The service charge is reviewed annually for April.
• First payment includes deposit (equivalent to 3 months rent) + first months rent, pro rata. 
• All other terms are subject to negotiations.
• Business rates and other overheads are to be arranged and paid by the tenant.
• The unit's do not have serviced Wifi.

Contact Details: