***RESTAURANT IN GREAT LOCATION*** Opportunity to acquire a new lease on a partially fitted restaurant of approximately 957 sqft situated on Zetland Road, Redland within close proximity to Gloucester Road and Cheltenham Road. Offered to let on a new effectively full repairing and insuring basis, subject to an ingoing premium of £35,000 to include fixtures and fittings. Early enquiries are recommended.
Partially fitted restaurant of approximately 957 sqft arranged over ground floor and basement. The ground floor comprises a front customer dining area with kitchen and toilet facilities to the rear and basement providing ample storage. There is potential to create additional seating in the rear garden, subject to consents. Further benefits include a premises license which can be transfered to the ingoing tenant.
Situated in a prime position on Zetland Road in a mixed parade of restaurants and shops and within close proximity to The Arches on Cheltenham Road.
LEASE DETAILS -
The restaurant is available to let on a new Full Repairing and Insuring Lease. Each party to incur their own respective legal fees.
An ingoing premium of £35,000 is sought to include fixtures and fittings.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
Ground Floor - Measures approximately 719 sqft.
Basement - Measures approximately 238 sqft.
Outside - Not measured.
BUSINESS RATES -
The rateable value effective from April 2017 as per the VOA website is £7,400.
We would expect those eligible for small business relief to benefit for 100% exemption at this time. However we advise all interested parties confirm this with the local authority.
ENERGY PERFORMANCE CERTIFICATE -
EPC Rating: D (expires October 2030).
By appointment with Maggs and Allen.
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.
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.
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.
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.