137 143 Notting Hill Gate Final .pdf

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137-143 Notting Hill Gate London W11
Retail, Restaurant, Office and Residential Investment Opportunity

Executive Summary
137-143 Notting Hill Gate
has the following attributes:
• Prime Central London freehold investment
with significant active management
development potential.
• Liquid lot size.
• Located on Notting Hill Gate, within the
affluent Royal Borough of Kensington and
Chelsea.
• Mixed Use building providing, Retail,
Restaurant, Office and Residential.
• An attractive period property comprising a
net internal area of 11,803 sq ft.
• Secure Retail income with over 10 years
unexpired lease term.
• Total retail rent of £205,000 per annum
reflecting a low Zone A of £99psf and £111psf.
• Planning Consent to extend to 15,070 sq ft
by extending 1st and 2nd floors to provide 5
apartments (C3) and new offices (B1).
• Upper parts benefit from full vacant
possession with immediate opportunity to
capture the ongoing office rental growth and
strong residential values.
• We are instructed to seek offers in excess of
£10,000,000 (Ten Million Pounds) for the
Freehold interest.
• Low capital value of £663psf on proposed
areas.

Local Occupiers
Retail
1.
2.
3.
4.
5.
6.
7.
8.
9.

M&S
Little Waitrose
Tesco
Coco Kingdom
Hirst Antiques
Snappy Snaps
Oddbins
Waterstones
Panache

7

6
5

Cafés & Restaurants
1.
2.
3.
4.
5.
6.
7.
8.
9.

5

Gelato Mio
Gails / Casa Nova
Kensington Place
Clarke’s
Maggie Jones’s
New Corbyn & King Restaurant
Le Pain Quotidien
Itsu
McDonald’s

2

3
7

8

6

Egmont UK Ltd
Embassy of Russian Federation
Embassy of the Czech Republic
Pitman Training

3

Coronet Cinema
Gate Cinema
RBS Bank
Notting Hill Arts Club
Kensington Palace
Royal Garden Hotel
Royal Albert Hall

7

1
1

Other
1.
2.
3.
4.
5.
6.
7.

3 9

4

Office Occupiers
1.
2.
3.
4.

4
6

4

4

2
8

9

1
1

3
2

5
1

2

Location
137-143 Notting Hill Gate
Notting Hill is 1.5 miles west of
Oxford Street and the West End.
The Royal Borough of Kensington
& Chelsea, in which the properties
lie, is one of the most exclusive areas
of London with the highest average
house prices in the UK and the
highest earnings per Household.
Notting Hill Gate is a strategic
arterial link going east to west and
the surrounding areas of Kensington
and Holland Park together form
three of London’s most sought after
property locations.
Portobello Road is Notting Hill’s
best known feature, stretching from
Golborne Road to Westbourne
Grove. The market attracts over
100,000 visitors per week, enhancing
the footfall throughout the
neighbouring area.

The building is located on the south
side of Notting Hill Gate and just to
the west of Notting Hill underground
station.
The surrounding properties are a mix
of residential, retail and leisure and
offices. The Notting Hill Estate which
was recently acquired by Frogmore
and Morgan Stanley encompasses
the majority of the retail property
on both north and south sides
of Notting Hill Gate. Nearby
occupiers include Coronet Cinema,
McDonald’s, Waterstones, Marks &
Spencer and Little Waitrose.

A42

SBORO

06

QUEEN

PA
R

WNE CRES
SD O
AN

RO

KR

GE

CRE

S

L

SD

SQUA

RE

RE
UA

RO
BAYSWATER

KEN

RD

G
G HILL

ATE

E

E ST

A
PAL

RIDG

A4204

OV

NOT TIN

TON

GR

KE

SING

KE

RD

LA

RO
DB

UXB

CE G
DNS

RRA
CE

ARD

S TE

G
ORD

T

DEN

ILL RO

F

NS

GAR

DEN H
AD

BED

PDE

ST

CAMP

CAM

CE

D

N

CE

HURCH

OA

LLA

Holland
Park

SI

PLA

Kensington
Gardens

A
PAL

HR

KEN

ON
NGT

GTON C

EIG

HO

ARK
DP

KENSIN

LSL

N

ARK
DP

HIL

LLA

LK
WA

HO

REY

AR
DP

ill
nH
pde e
CamSquar

B
AU

Holland Park
VE
KA

AD

Notting
Hill Gate

BRO

NE
SD

ALK
E W

IDGE

Queensway

LAD

OW

LAN

LAN

N
OW

BRO

R
PEMB

AD
IDGE RO

50

LAN

LAD

SQ
KE

Bayswater

AD

D

R R AC E

LO

ID

UGH TE

GT
ON

EL

BR

SWAY

TO

IN

M

ON P

AD
OW RO

QUEEN

ING

NS

RT
OB

PEMBR

B4

S
KEN

NP

KG

KE

S
DN

PE

PO

DAWS

MOSC

L AC E

ENS

Kensington
Palace

Communications
137-143 Notting Hill Gate
The area is well served by buses
which stop on Notting Hill Gate,
Kensington Church Street and
Pembridge Road and provide routes
to and from South Kensington,
Chelsea, Knightsbridge, Charing
Cross, Kings Cross, Camden
Town, Kensal Rise, Chalk Farm,
Wandsworth and Clapham. Holland
Park Avenue also allows for quick
connection to the A4 (Heathrow
Airport, 14.4 miles) and A40 as well
as forming part of an arterial route
east into the heart of London.
Notting Hill Gate Underground
provides excellent access to the rest
of London via the tube network. The
station which caters to 17 million

users a year has two entrance and exit
points, both inside of 320m from the
property. The station connects with
the Central, District and Circle Lines.
The station is within ten minutes
from the new Crossrail station at
Bond Street (Jubilee and Central
lines).

Driving distance
City

40 mins

Heathrow

30 mins

Gatwick

55 mins

Luton

65 mins

Stansted

70 mins

Description
137-143 Notting Hill Gate
The property comprises two
interlinked period buildings
originally built in 1883 and arranged
over basement, ground and three
upper floors. The building is not
listed.
The building provides a total of
11,803 sq ft presently.
There are two retail units arranged
over ground and basement levels.

Existing front elevation

Front Elevation

Existing front elevation

Existing Rear Elevation
Existing rear elevation
Existing rear elevation

The residential accommodation
is accessed from its own entrance
at 139 Notting Hill Gate. The
accommodation provides 2 x 2
bedroom apartments on the 2nd and
3rd floors. The offices are accessed
from 143 Notting Hill Gate and are
formed over 1st, 2nd and 3rd floors
and rear extension at 1st floor.

Accommodation

Ground Floor

First Floor

Second Floor

Third Floor

NET AREAS

SQ FT

NET AREAS

SQ FT

137 Ground

1,842

137 Ground

1,842

137 Basement

Ground Floor Retail (not part of development)
Commercial Unit
Apartments

8.0 THE PROPOSAL
Proposal
plans
8.0
THE PROPOSAL

8.0
THE
PROPOSAL
8.0Ground
THEFloor
PROPOSAL
Office

Office
Office
Office

Flats

Proposed

Existing

Existing plans

Second Floor

2,061

141/143 Ground

2,061

141/143 Basement

1,968

141/143 Basement

1,968

Retail Total

6,588

Retail Total

6,588

1st Floor Office

1,961

1st Floor Office

3,584

Part 2nd Floor Office

757

2nd Floor Office

Part 2nd Floor Residential

936

2nd Floor Residential

2,260

Part 3rd Floor Office

625

3rd Floor Residential

1,841

Part 3rd Floor Residential

936

Total Upper Parts

8,482

Grand Total
Office

Office

Office
Office FE
Office

FE
FE
FE

333 sq

333 sq m
Unit
333
sq m
Unit
333
sq m
Unit
Unit
mezzanine
mezzanine
mezzanine

mezzanine

lightwell
lightwell
lightwell

Ground Floor Retail (not part of development)
Commercial Units
Apartments

2 Bed
70 sq m

2 Bed
70
sq m
2 Bed
70
sq m
2 Bed
70 sq m

Mezzanine
roof light

roof light
roof light
m
roof light

2 Bed
88 sq m
2 Bed
88
sq m
2 Bed
88
sq m
2 Bed
88 sq m

Office
Office
Office

Office

Mezzanine
Mezzanine
Mezzanine

terrace
terrace
terrace

lightwell

717

797

5,215

Third Floor

Flats
Flats
Flats

Office
Office
Office

137 Basement

141/143 Ground

Total Upper Parts
First Floor

717

1 Bed
52
sq m
1 Bed
52
sq m
1 Bed
52 sqterrace
m

1 Bed
52 sq m

2 Bed
88 sq m
2 Bed
88
sq m
2 Bed
88
sq m
2 Bed
88 sq m

2 Bed
83
sq m
2 Bed
83
sq m
2 Bed
83 sq m

2 Bed
83 sq m

11,803

Grand Total

15,070


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