A very well-presented and recently modernised restaurant providing approximately 55 covers benefiting from gas central heating and outside seating. The lease also includes a spacious 2 bedroom first floor flat and a first floor office and staff area. Our client tells us that the lease provides consent for the subletting of the flat if required. We would suggest, subject to all obtaining all necessary consents, that the office and staff area could be incorporated to create a 4 bedroom apartment. We would anticipate a potential rental income in the region of £500 per room per calender month inclusive of bills, i.e a potential rental income of £24,000pa.
Situated in Westbury On Trym village. Notable neighbouring occupiers include 'The Post Office', 'Tesco', 'Co-Op', 'Parsons Bakery' and various estate agents and banks.
All sensible offers are considered to include a partial inventory, full details available on request.
An assignment of the lease dated 16th February 2016.
Term: 10 years
Repairing Obligations: Full Repairing and Insuring
Break Clause/Rent Review: Tenant break option and rent review on the 16th February 2021
Rent payable: £33,000 per annum + VAT (plus deposit).
Viewings are strictly by appointment with Maggs & Allen.
The 2017 Rateable Value is £12,000.
We understand VAT is applicable to the figures quoted.
The ingoing tenant will be charged an application fee of £200 plus VAT (£240 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks.
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 endeavors 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.