A two storey café of approximately 700 ft² situated in a prime trading position on the Clifton Triangle opposite Browns restaurant.
The café has been recently refurbished and benefits from 3-phase electric, commercial extraction (not currently in use), and is fully fitted with coffee machine, dish washer, fridges and freezers and further benefits from basement storage.
The lease is available for sale subject to an ingoing premium of £69,950 to include the full inventory, subject to the passing rent of £24,000pa+VAT.
DESCRIPTION -
A fully fitted café benefiting from a first floor kitchen, cellar storage and 3-phase power. We understand there is commercial extraction although this is not currently in use. The unit has been recently refurbished by the current tenant and the lease is offered for sale to include the full inventory and equipment.
LOCATION -
The property is located in a bustling position opposite Browns Restaurant with the added advantage of being located next to a pedestrian crossing on the Clifton Triangle.
Other neighbouring occupiers include, Knoops, Pret a Manger and The Botanist.
PREMIUM -
Please note the lease is subject to an ingoing premium, with a quoting price of £69,950.
VIEWINGS -
As a trading business viewings are strictly by appointment with Maggs & Allen.
BUSINESS RATES -
The rateable value with effect from April 2024 is £20,000.
ENERGY PERFORMANCE CERTIFICATE -
Rating: D - valid to March 2031.
VAT -
All figures are quoted exclusive of VAT unless otherwise stated.
TENANT APPLICATION FEE -
The ingoing tenant will be charged an application fee of £300 plus VAT (£360 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.
INVENTORY -
The copy of the inventory is available on request.
LEASE TERMS -
The unit is offered to let on an assignment of a 10 year fully repairing and insuring term from 14th July 2021, at a current rent of £24,000pa, subject to a rent review at the 5th year. We understand the tenant benefits from Security of Tenure.
ASSIGNMENT TERMS -
The lease is available for assignment subject to an ingoing premium of £69,950 for the inventory.
The landlords legal fees are to be split equally between the ingoing and outgoing tenants. Each party will otherwise incur their own respective legal fees.
Proof of funds and references will be required from the prospective tenant.
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.
