***CONFIDENTIAL SALE***
An exceptional and fully equipped restaurant offering flexible accommodation, including various spacious kitchens, rear stores, offices and toilet faculties. The restaurant measures approximately 4,100 ft² and previously operated as a Michelin Star restaurant. It has consequently been refurbished to a very high specification and includes a large external terrace to the front.
The premises is situated close to Bristol City Centre and is available for sale with a full inventory, subject to an in going premium of £180,000. The lease is available for sale by way of the assignment of a 15 year term from January 2016 at a passing rent of £51,987pa.
DESCRIPTION -
An exceptional and fully equipped restaurant offering flexible accommodation, including various spacious kitchens, rear stores, offices and toilet faculties. The restaurant measures approximately 4,100 ft² and previously operated as a Michelin Star restaurant, and has consequently been refurbished to a very high specification and includes a large external terrace to the front.
The premises is situated close to Bristol City Centre and is available for sale with a full inventory, subject to an in going premium of £180,000. The lease is available for sale by way of the assignment of a 15 year term from January 2016 at a passing rent of £51,987pa.
LEASE DETAILS -
The restaurant lease is available for sale on the assignment of a 15 year term which commenced on the 19th January 2016, at a passing rent of £51,987 per annum on an internal repairing and insuring basis, plus service charge (subject to 5 yearly rent reviews). A copy of the lease is available on request.
PREMIUM -
A premium of £180,000 is sought for the assignment of the lease to include a comprehensive inventory. A copy of the inventory is available on request.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: B (expires July 2034)
CODE FOR LEASING BUSINESS PREMISES -
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
BUSINESS RATES -
The Rateable Value for Unit 1, with effect from April 2023 is £47,500.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon. The internal layout differs slightly from the plan provided.
VIEWINGS -
By appointment.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
