Opportunity to purchase this substantial three storey commercial property, situated in a prime location on one of Bristol's best known High Streets. The terraced freehold property comprises a large ground floor restaurant/bar with an independent first and second floor nightclub, measuring approximately 4,800sqft. The property is to be sold with vacant possession although was previously let producing circa £95,000 per annum, Potential for conversion of the upper parts to residential/student accommodation, subject to obtaining the necessary planning consents. Early enquiries are recommended.
Substantial three storey period investment property situated in a prime trading position on Park Street, where properties of this nature rarely become available. The ground floor is arranged as a spacious restaurant/bar whilst the first and second floors comprise a separate nightclub.
The property is situated in a fantastic position on one of Bristol's best known streets. Park Street boasts a great selection of clothes boutiques, music stores, bars, restaurants, furniture and art galleries which create high volumes of pedestrian footfall and passing traffic.
The accommodation comprises the following approximate areas:
Ground Floor Restaurant/Bar - 190.8sqm (2,054sqft) -
Consisting of a large open plan restaurant/bar with male and female toilet facilities to the rear.
First Floor Nightclub - 187.9sqm (2,023sqft) -
Comprising an open plan nightclub with two bars.
Second Floor Nightclub - 66.9sqm (720sqft) -
Comprising male and female toilet facilities, office and smoking area.
LEASE DETAILS -
The property was previously let achieving approximately £95,000 per annum although we are informed the property will be sold with vacant possession.
BUSINESS RATES -
The draft 2017 rateable values are as follows:
Ground Floor: £65,000
1st & 2nd Floor: £41,000
ENERGY PERFORMANCE CERTIFICATE -
We understand the property is elected in incur VAT in addition to the figures quoted.
Strictly by appointment with Maggs & Allen.
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.
Maggs & Allen use all reasonable endeavours to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.