A double fronted and bar/speciality liquor shop of approximately 900sqft let on a 20 year lease at £14,500pa. In addition the property benefits from the ground rents of 5 flats above which produce an additional £125pa.There is a rent review due in July 2021 and we estimate the market rent to be in the region of £18,000-£20,000pa.
Situated in a central position close to the Colston Tower and the Bristol Royal Infirmary.
Planning consent for A4 Use (drinking establishment) was obtained in April 2016.
The rateable value with effect from September 2017 is £13,500. The tenant is responsible for the business rates.
Let on a 20 year effectively Full Repairing and Insuring basis (subject to a 20% liability) from June 2016 subject to a passing rent of £14,500pa and 5 yearly rent reviews. The lease is inside The Landlord & Tenant Act 1954 providing the tenant security of tenure. The shop is let to Lower The Bar Limited and is also subject to a directors personal guarantee.
The freehold also includes the ground rent of 5 flats above which provide an additional £125pa.
The floor plan is provided for indicative purposes only and should not be relied upon.
EPC Rating: D - (August 2012)
All figures quoted are exclusive of VAT unless otherwise stated.
As a trading business viewings are strictly by appointment with Maggs & Allen.
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.