A recently refurbished and fully fitted restaurant/bar of approximately 1,095 ft² benefiting from full commercial extraction and additional front decked terrace. The property has been renovated to a high standard and offers a fantastic opportunity in a highly sought after location. The restaurant comprises a large customer seating area, bar area, fully fitted kitchen with, walk in fridge, dry store, office and toilet facilities.
The restaurant is situated in a prime position on Gloucester Road, Bishopston within close proximity to St Andrews, Bristol city centre and Redland. Gloucester Road is very popular with independent retailers, pubs and restaurants and benefits from high levels of footfall and passing traffic throughout the day and evening.
The lease is available for sale subject to an ingoing premium of £50,000.
DESCRIPTION -
A recently refurbished and fully fitted restaurant/bar of approximately 1,095 ft² benefiting from full commercial extraction and additional front decked terrace. The property has been renovated to a high standard and offers a fantastic opportunity in a highly sought after location. The restaurant comprises a large customer seating area, bar area, fully fitted kitchen with, walk in fridge, dry store, office and toilet facilities.
LOCATION -
Situated in a prime position on Gloucester Road, Bishopston within close proximity to St Andrews, Bristol city centre and Redland. Gloucester Road is very popular with independent retailers, pubs and restaurants and benefits from high levels of footfall and passing traffic throughout the day and evening.
BUSINESS RATES -
The rateable value with effect from April 2023 is £16,500.
LEASE DETAILS -
Offered to let on the basis of an assignment of the current 15 year lease which commenced on the 19th May 2019, and subject to 5 yearly rent reviews.
Each party to incur their own respective legal costs with the landlord's legal fees to be split 50/50 between the ingoing and outgoing tenant.
PREMIUM -
The lease is available for sale subject to an ingoing premium of £50,000 to a fully fitted kitchen.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C (expires February 2032)
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.
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.
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.
VIEWINGS -
By appointment.
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.
