Extremely well-presented Cafe/Restaurant benefiting from A3 consent of approximately 976sqft plus additional rear courtyard and basement. The property was fully renovated within the last 18 months and offers a fantastic opportunity for a new tenant to start trading immediately.
The property is situated on Chandos Road, which is in a very popular and established neighbourhood in Bristol. Chandos Road serves the densely populated and upmarket residential areas of Redland, Cotham and Clifton. Notable nearby occupiers including 'No Mans Grace' 'Wilks' (Michelin starred restaurant) and 'Aviator Bar & Galley Kitchen' as well as a range of shops and offices.
The property is offered to let by way of an assignment of the current tenants Full Repairing and Insuring Lease. The lease term of 15 years commenced on the18th February 2015. We are informed there is a tenant break at 18th February 2018, 18th February 2021, 18th February 2024 and 18th February 2027. The lease includes rent reviews on the 18th February 2018 and every 3rd anniversary of that date. The assignment is subject to the landlords approval.
The property benefits from A3 planning consent with a fully fitted extraction system.
Description: Notification of a change of use from a use falling within (Use Class A1) to a Cafe/Restaurant (Use Class A3 )
Application Number: 15/03897/FLX
The current alcohol licence permits the sale of alcohol from 0900 to 1800 on Sunday to Wednesday and 0900 to 2230 on Thursday to Saturday.
There is an ingoing premium sought of £50,000 for the lease and will include the fixtures and fittings. Inventory available upon request.
The Rateable Value as per the VOA website is £8,600. We would anticipate Interested parties (where eligible) may benefit from 100% rate relief at this time. We would recommend that interested parties make their own enquiries with the local authority.
Rating: F (we are informed this was obtained prior to the extensive refit)
Strictly by appointment with Maggs & Allen.
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.
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.