Gloucester Road, Horfield, Gloucester Road, Bristol BS7 8TN

Per Annum £18,000 - To Let

  • High footfall
  • Busy location
  • Fully fitted
  • Well presented

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Telephone: 0117 973 4940

Email: admin@maggsandallen.co.uk

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The above is offered for indicative purposes only and should not be relied upon. Rates will vary lender to lender and subject to the customer’s specific circumstances. Fee’s may also apply.

Property Details

***FULLY FITTED & WELL PRESENTED RESTAURANT*** Opportunity to acquire a long lease on well presented restaurant of approximately 1,000sqft located on Gloucester Road benefitting from high levels of footfall and passing traffic throughout the day and evening. Available by way of an assignment of a 20 year lease from August 2017. The unit is offered fully fitted subject to an ingoing premium sought of £45,000.

DESCRIPTION -

A well presented and fully fitted restaurant of approximately 1,000sqft comprising a customer dining area with adjoining bar, offering approximately 50 covers, well proportioned kitchen and customer toilet facilities. In addition there is an outside area to the front previously used to provide further covers. Benefits include air conditioning and gas central heating.

LOCATION -

Situated within a mixed parade of shops on Gloucester Road, Horfield and located approximately 2 miles from the Bristol City Centre. Nearby by notable occupiers include Tinto Lounge, The Royal Oak, Co-op Supermarket and Dominos.

LEASE DETAILS -

Available to let on the basis of an assignment of the tenant's existing 20 year lease from August 2017 subject to tenant only break options every 5 years. We understand the lease was granted within the landlord and tenant act 1954 and therefore providing the tenant with security of tenure.

Each party to incur their own respective legal costs with the landlords legal fees split 50/50 between the outgoing and ingoing tenants.

PREMIUM -

Please note there is an ingoing premium of £45,000 to purchase the existing fixtures and fittings. A copy of the inventory is available on request.

FLOOR PLAN -

The floor plan is provided purely for indicative purposes only and should not be relied upon.

BUSINESS RATES -

The rateable value effective from April 2017 as per VOA website is £14,750.

We would anticipate 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.

ENERGY PERFORMANCE CERTIFICATE -

EPC rating: B (August 2019).

VIEWING -

As an actively trading business viewings are strictly by appointment only with Maggs & Allen.

VAT -

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.

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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 interested parties to make their own enquiries.

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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.