***FULLY FITTED RESTAURANT/BAR*** Opportunity to lease a fully fitted restaurant/bar of approximately 1,500sqft located on the ever popular Gloucester Road available by way of a lease assignment. The property is very well presented and finished to a high quality, offering approximately 85 covers in a highly sought after location. Please note there is an ingoing premium of £75,000 to include fixtures and fittings.
A fully fitted and well presented restaurant/bar of approximately 1,500sqft 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 full commercial extraction, ground floor dinning area, bar, kitchen and toilet facilities.
Situated on Gloucester Road, Bristol within close proximity to Cheltenham Road and Stokes Croft a highly sought after location for restauranteurs, cafés and bar businesses. Nearby notable occupiers include Costa, The Gallimaufry, The Hobgoblin and Sainsbury's Local. The property provides excellent footfall and passing trade throughout the day and night.
Please note there is an ingoing premium of £75,000 to include fixtures and fittings. A full inventory is available on request.
FLOOR PLAN -
The floor plan is provided for indicative purposes and should not be relied upon.
BUSINESS RATES -
The rateable value as per the VOA effective from April 2017 is £16,250.
LEASE DETAILS -
The property is available by way of a lease assignment on the remainder of a 10 year effectively Full Repairing and Insuring lease with approximately 5 years remaining and within the landlord and tenant act 1954. The current passing rent is £18,000pa.
Each party to incur their own legal fees with the landlords costs split equally between the assignor and assignee.
ENERGY PERFORMANCE CERTIFICATE -
EPC Rating: C
As an actively trading business viewings are strictly by appointment with Maggs & Allen.
All figures quoted are exclusive of VAT unless otherwise stated.
TENANT APPLICATION FEE -
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.
CONTROL OF ASBESTOS REGULATIONS -
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 the interested parties to make their own enquiries.
Maggs & Allen use all reasonable endeavours 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.