A very well presented and fully fitted bar/restaurant of approximately 900 sq ft located in the highly sought after Clifton Village. Comprising 4 floors of seating/dining areas, kitchen, bar and toilet facilities. The property has been finished to a high standard and a great opportunity for anyone looking for a hospitality business within the Clifton area. Available by way of a lease assignment subject to an ingoing premium of £55,000 to include fixtures and fittings.
DESCRIPTION -
A very well presented bar/restaurant of approximately 900 sq ft arranged over 4 floors. The property comprises a ground floor seating area with upper bar, lower ground floor kitchen and basement providing further seating and toilet facilities.
LOCATION -
Situated in a prime position in Clifton Village, a highly sought over location for bars and restaurants.
PREMIUM -
An ingoing premium of £55,000 is sought to include fixtures and fittings.
LEASE DETAILS -
Available on the basis of an assignment of the current Full Repairing and Insuring lease:
20 years from December 2016.
There are tenant break options in December 2024, 2029 and 2034.
Rent review in May 2024.
Each party to incur their own respective legal costs. The landlord's legal fees are to be split 50/50 between the outgoing and ingoing tenant.
BUSINESS RATES -
The rateable value with effect from April 2023 is £11,500. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
ENERGY PERFORMANCE CERTIFICATE -
EPC rating: B
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
VIEWINGS -
By appointment with Maggs & Allen.
VAT -
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.
