A well presented and fully fitted commercial unit of approximately 562 sq ft with additional basement storage and designated bin store Located on Stokes Croft.
Currently trading as 'Pint & Pasty Shop' and 'Curry Corner', benefitting from a premises license, 3-phase power, secure roller shutter and toilet facilities. The property is available by way of the current tenant's lease, subject to an ingoing premium of £40,000 to include fixtures and fittings.
DESCRIPTION -
A well presented and fully fitted commercial unit of approximately 562 sq ft with additional basement storage and designated bin store.
Currently trading as 'Pint & Pasty Shop' and 'Curry Corner', benefitting from a premises license, 3-phase power, secure roller shutter and toilet facilities. The property is available subject to an ingoing premium of £40,000 to include fixtures and fittings.
LOCATION -
Situated in a prominent trading position on Stokes Croft, close to the junction with Ashley Road. Known informally as Bristol's Cultural Quarter, Stokes Croft is home to a variety of independent boutiques and eateries, such as 'The Crofters' Rights', 'The Crafty Egg' and 'The Love Inn' which attract a steady stream of passing trade throughout the day and night. The area is undergoing significant redevelopment, including the nearby Carriage Works.
BUSINESS RATES -
The rateable Value with effect from April 2023 is £8,600. 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.
LEASE DETAILS -
The property is available by way of assignment of the current tenant's lease, on effectively full repairing and insuring terms for a period of 10 years from 4th July 2019 and is subject to a £4,000 deposit which will be requested from the ingoing tenant. We understated there is the potential to extend the lease period.
The ingoing tenant will be requested to provide an undertaking for the landlord's legal fees in respect of the assignment. The outgoing and ingoing tenant are to incur their own legal costs.
PREMIUM -
A premium of £40,000 is sought to include fixtures and fittings. An inventory is available on request.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: B (valid until February 2029).
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.
