A fully fitted, well presented restaurant providing approximately 40 covers. The property includes living accommodation to the first floor of approximately 982 sqft. Further benefits include air-conditioning and a suspended ceiling. A premium of £29,995 is sought to include fixtures and fittings.
Situated in a prominent position on Gloucester Road, Patchway, in a busy rank of shops. The property offers good access to Patchway, Bradley Stoke and Cribbs Causeway, and benefits from on-street parking closeby.
The property is currently trading as a restaurant and takeaway (A3/A5).
Available by way of an assignment of the current tenant's 20 year Full Repairing and Insuring lease, dated February 2006. The lease is subject to 3 yearly rent reviews. A copy of the lease is available on request. Each party to incure their own respective legal costs, with the Landlord's legal costs to be split equally between assignor and assignee.
An ingoing premium is sought of £29,995. This includes fixtures and fittings, and a fully fitted commercial kitchen.
The rateable value effective from 1st April 2017 as per the VOA website is £9,900. We would anticipate full rate relief would therefore be applicable to those eligible for small business relief. However interested parties are advised to make their own enquiries with the local authority to confirm.
The floor plan is for indicative purposes only and is not to be relied on.
All figures quoted are exclusive of VAT unless otherwise stated.
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.
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.