A very well presented two storey corner restaurant providing approximately 58 covers internally. We are informed the property is also licensed for a further 16 covers externally. The restaurant benefits from a large kitchen, store rooms, an office, and air conditioning. An assignment of the current lease is offered, subject to an ingoing premium of £80,000 and a rent of £21,000pa.
This is a confidential sale and we therefore request all interested parties to contact the office for further information. No approach to the tenants directly should be made.
The property is situated within close proximity of Clifton Village and the Clifton Triangle.
An assignment of the current lease is available subject to an ingoing premium of £80,000 to include a full inventory (a copy of which is available on request) although we understand that some of the kitchen equipment is subject to a contract hire agreement. The remaining contents/equipment is included in the assignment.
The lease commenced on the 27th August 2010 for a term of of 15 years, on a Full Repairing and Insuring basis, and is subject to a current passing rent of £21,000pa. The lease is within the provisions of The Landlord and Tenant Act 1954, providing the tenant with security of tenure). We understand there is a tenant break option in August 2019 and August 2022 and a rent review every fourth anniversary of the lease.
The restaurant is arranged over ground and lower ground floor, with male and female toilets, staff w/c and office to the ground floor, further seating, large kitchen and store room to the lower floor.
The floor plan is provided for indicative purposes and should not be relied upon.
As a trading business viewings are strictly by appointment with Maggs & Allen.
The rateable value with effect from April 2017 is £15,250.
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. The assignment of the lease is subject to landlords approval.
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.