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, and benefits from bespoke fixtures and fittings. Further benefits include 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.
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.
The floor plan is provided for indicative purposes only and should not be relied upon.
Rating: B (expires February 2029)
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.
An ingoing premium of £25,000 is sought to include fixtures and fittings, full inventory available on request.
Each party to incur their own legal fees with the landlords costs split equally between the assignor and assignee.
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.
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
Strictly by appointment with Maggs and Allen only
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 part of the Money Laundering Regulations, we will require all prospective tenants to provide the necessary identification documents.
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.