A period freehold commercial investment opportunity comprising a ground floor split level restaurant/cafe bar of approx 1,865sqft, presented to a high standard. The restaurant is let on a 10 year full repairing and insuring basis from October 2017 at £30,000pa. Situated in a busy trading position on Cotham Hill, the property is within easy reach of Whiteladies Road and St Michaels Hill.
A ground floor split level commercial investment comprising a modern fitted restaurant of approximately 1,150sqft with additional basement kitchen, office and toilets (approximately 1,865sqft gross internal area).
The property is let on a 10 year lease full repairing and insuring basis at £30,000pa, subject to a rent review in 2022.
The restaurant is situated in a popular trading position on Cotham Hill within close proximity of Whiteladies Road and St Michaels Hill, close to the junction with Abbotsford Road. Neighbouring occupiers are predominantly independent retailers, cafes and other restaurants including St Peters Hospice, Brewhouse Pub and Pasta Loco.
FLOOR PLAN -
The floor plan is provided for indicative purposes and should not be relied on.
Ground Floor Restaurant: Arranged over a split level providing approximately 1,150sqft Gross Internal Area
Basement: Kitchen approximately 311sqft with additional office, store/beer cellar and toilets.
The upper parts have been sold separately on a long leasehold basis. Offered for sale is the long leasehold interest of the restaurant and the freehold of the building.
LEASE DETAILS -
The restaurant is let to Chrisdem Limited for a term of 10 years from 5th October 2017 at £30,000pa subject to a rent review in October 2022, on effectively full repairing and insuring terms. We understand there is also a personal guarantee.
Strictly by appointment only
All figures quoted are exclusive of VAT unless otherwise stated.
EPC Rating E (March 2017).
CONTROL OF ASBESTOS -
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 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.