A well presented ground floor café of approximately 900 sq ft, currently let at £7,000pa until May 2023, although we consider the market rent to lie in the region of £8,400pa.
The shop also offers potential for residential conversion, subject to obtaining the necessary consents and we understand the tenant would consider an early surrender if this is required.
The shop is available for sale on a freehold basis (subject to the long leasehold interest of the first floor flat which has been sold off).
A well presented ground floor café of approximately 900 sqft currently let at £7,000pa until 2023. We understand the tenant would vacate early if required. We also consider this a below market rent.
The shop also offers potential for residential conversion, subject to obtaining the necessary consents.
The shop is situated next door to Morrisons Daily, in an otherwise predominately residential location. Beverston Gardens is located within a short distance of Long Cross which provides easy access to the motorway network and Portway.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
LEASE DETAILS -
The café is currently let at £7,000pa on an effectively fully repairing and insuring basis until 14th May 2023.
We consider the market rent of the café to be in the region of £8,400pa.
BUSINESS RATES -
The rateable value with effect from April 2017 is £5,900. We would therefore expect those eligible for small business relief to benefit from 100% exemption at this time. However, we recommend all interested parties confirm with Bristol City Council.
ENERGY PERFORMANCE CERTIFICATE -
Rating: To be confirmed.
Strictly 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.
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.
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.