An attractive commercial investment situated in the picturesque town of Bradford on Avon. The property comprises a ground floor restaurant of approximately 1,940 sq ft with additional outside terrace situated in a modern development close to the Co-Operative convenience store in the heart of the town.
The restaurant has been recently refurbished by the current tenant and is let on a 10 year effectively fully repairing and insuring term from December 2019 at at current passing rent of £27,500pa.
DESCRIPTION -
A very well presented restaurant of approximately 1,940 sq ft with additional outside terrace let on an effectively 10 year fully repairing and insuring term at £27,500pa. The restaurant benefits from gas central heating, a large kitchen and commercial extraction and attractive views over the River Avon.
LOCATION -
The property is situated in a modern development in the heart of Bradford On Avon.
Bradford On Avon is a town in West Wiltshire close to the border of Somerset, South East of Bath.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE -
Rating: B
VAT -
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).
VIEWING -
Strictly by appointment with Maggs and Allen only.
TENURE -
Offered for sale on the residue of a 999 year head lease.
LEASE DETAILS -
The property is let to two partners trading as Olea Mediterranean on a 10 year term from December 2019 at a current passing rent of £27,500pa + VAT and service charge, on effectively fully repairing and insuring terms. There is a 5 year tenant only break option and market rent review and a 6 month lease deposit. The lease is excluded from Sections 24-29 of The Landlord and Tenant Act 1954.
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.
