Very well presented bar of approximately 4,928 sq ft located on Small Street, Bristol city centre. The property features a stylish, high standard bar with a spacious open plan layout, ample seating, and an adjoining equipped kitchen. The bar includes toilet facilities and a valuable basement area that provides additional storage space and a beer cellar, making it an ideal venue for any bar operation. Offered to let by way of an assignment of the current operators lease with approximately 14 years remaining, subject to an ingoing premium of £70,000 to include fixtures and fittings.
DESCRIPTION -
Stylish, high-standard bar of approximately 4,928 sq ft over ground floor and basement with a spacious open-plan layout, ample seating, and an adjoining equipped kitchen. The bar includes toilet facilities and a valuable basement area that provides additional storage space and a beer cellar, making it an ideal venue for any bar operation.
LOCATION -
The property is strategically located in a prime position on Small Street in the heart of Bristol city centre. This sought-after location places it within close proximity to popular destinations such as Urban Tandoor and the bustling Corn Street area.
LEASE DETAILS -
Available to let by way of an assignment of the current tenant's 15 year lease from March 2024, subject to tenant only breaks and rent reviews at the end of years 5 & 10.
PREMIUM -
An ingoing premium of £70,000 is sought to include fixtures and fittings.
BUSINESS RATES -
The rateable value with effect from April 2023 is £12,000. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C (expires November 2026)
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
By appointment with Maggs & Allen.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £250 plus VAT (£300 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks. Accounts will be requested where available and a deposit and/or personal guarantee may be required.
CONTROL OF ASBESTOS REGULATIONS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
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.
