A well presented café of approximately 562 sqft, with additional basement storage and designated bin store. Situated in a prominent position on Stokes Croft, the property benefits from a high level of passing trade. An assignment of a 10 year term is available which commenced in July 2019 subject to a tenant break option in July 2022 and rent review in July 2024.
A well presented café of approximately 562 sqft with additional basement storage and designated bin store.
Formerly trading as 'Bristol Porridge Project', the property is decorated in a clean, urban style benefitting from 3-phase electricity, separate kitchen and WC facilities.
Situated in a prominent trading position on Stokes Croft, close to the junction with Ashley Road.
Known informally as Bristol's Cultural Quarter, Stokes Croft is home to a variety of independent boutiques and eateries, such as 'The Crofters' Rights', 'The Crafty Egg' and 'The Love Inn' which attract a steady stream of passing trade, day and night.
The area is undergoing significant redevelopment, including the nearby Carriage Works development currently under construction which will provide 112 residential properties as well as additional commercial units.
PLANNING PERMISSION -
The property has permission for use as A3 (Café), between the hours of 07:00-17:00 Monday to Saturday, and on Sundays and Bank Holidays 08:00- 17:00.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Rating: B (expires February 2029)
LEASE DETAILS -
The shop is available by way of assignment of the current tenant's lease, on effectively full repairing and insuring terms for a period of 10 years from 4th July 2019 and is subject to a £4,000 deposit which will be requested from the ingoing tenant.
The rent will be reviewed on 5th July 2024 and there is a tenant break option on the 4th July 2022 subject to conditions.
LEGAL FEES -
The ingoing tenant will be requested to provide an undertaking for both the landlord and outgoing tenants legal fees in respect of the assignment.
BUSINESS RATES -
The rateable value effective from April 2017 is £6,400. We therefore expect any parties liable for small business rate relief to benefit from 100% relief. Interested parties should confirm with the local authority.
CODE FOR LEASING BUSINESS PREMISES -
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
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 as part of the Money Laundering Regulations, we will require all prospective tenants to provide the necessary identification documents.
Strictly by appointment with Maggs and Allen only
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.
Please note the landlord will not consider a user who requires commercial extraction as there are no previsions to install this.
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.