A ground floor restaurant of approximately 980 sq ft situated in a stunning modern harbourside development in central Bristol. The restaurant is let to Spoke & Stringer on a 10 year term from April 2015 at a current discounted passing rent of £10,904 although we would estimate a market rent closer to £25,000pa. The lease is excluded from Sections 24-28 of The Landlord & Tenant Act 1954 and therefore the property could be re-let at full market rent from April 2025.
A stunning restaurant of approximately 980 sq ft situated in a highly sought after modern waterfront development in central Bristol. The tenant also benefits from an external terrace with stunning river views.
The current rent is discounted to £10,904pa as we understand the tenant carried out various fit-out works at the start of the term. We would anticipate a market rent in the region of £20,000-£25,000pa.
Situated in a highly desirable modern harbourside development in central Bristol.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Offered for sale on the residue of a 150 year head lease (which commenced in July 2012) subject to a peppercorn ground rent.
LEASE DETAILS -
The property is let on a 10 year term from April 2015 to Spoke & Stringer Limited. Spoke & Stringer is an independent cafe/restaurant with 3 outlets across Bristol. The terms are drafted on an internal repairing and insuring basis, subject to service charge and the lease is excluded from Sections 24-28 of The Landlord and Tenant Act 1954.
Strictly by appointment with Maggs and Allen only.
All figures quoted are exclusive of vat unless otherwise stated.
We understand VAT is applicable to the sale price although would anticipate the property could be treated as a TOGC (Transfer Of a Going Concern).
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.
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.