A double fronted, fully fitted and well presented restaurant available by way of a lease assignment. The property has been fitted out to a high quality and is ready for occupation by a new tenant. Benefits include a recently refurbished ground floor dinning area, bar and kitchen and toilet facilities at basement level.
Situated on St Stephens Street, Bristol within close proximity to Corn Street and Baldwin Street a highly sought after location for restauranteurs. Nearby notable occupiers include Pizza Express, The Ox, The Cosy Club, and Café Nero. The property provides excellent footfall and passing trade throughout the day and night.
The property is available by way of a lease assignment on the remainder of a 21 year effectively Full Repairing and Insuring lease from 2015. The current passing rent is £18,000pa with a tenant only break clause at the end of year 10. There is an annual service charge of £1000 + VAT.
Each party to incur their own legal fees with the landlords costs split equally between the assignor and assignee.
Please note there is an ingoing premium of £50,000 to include fixture and fittings. A inventory is available on request.
The rateable value effective from April 2017 is £23,250.
The floor plan is provided for indicative purposes and should not be relied upon.
We understand that VAT is applicable to the rent and may also be applicable to the premium.
As a trading business viewings are 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.
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.
Planning was granted on 22nd October 2015 to change the frontage of the restaurant to include bi-fold windows as well as moving the front doors towards the current bar area.
Planning reference: 15/04535/F
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.