Rare opportunity to acquire a fully fitted and very well presented restaurant/bar of approximately 1,095 sq ft located in a prime position on Gloucester Road, Bishopston. The property is arranged as a large dining area with front terrace providing further seating, kitchen, walk in fridge, dry store, office and toilet facilities. Offered by way of an assignment of the current occupiers existing lease., subject to an ingoing premium to include fixtures and fittings.
Very well presented and fully fitted restaurant/bar of approximately 1,095 sq ft benefiting from full commercial extraction and additional front decked terrace. The property has been refurbished to a high standard and offers a fantastic opportunity in a highly sought after location. The restaurant comprises a large customer seating area, bar area, fully fitted kitchen with, walk in fridge, dry store, office and toilet facilities.
Situated in a prime position on Gloucester Road, Bishopston within close proximity to St Andrews, Bristol city centre and Redland. Gloucester Road is very popular with independent retailers, pubs and restaurants and benefits from high levels of footfall and passing traffic throughout the day and evening.
BUSINESS RATES -
The rateable value with effect from April 2023 is £16,500.
LEASE DETAILS -
Offered to let on the basis of an assignment of the current occupiers 15 year lease from 19th May 2019 subject to 5 yearly rent reviews.
Each party to incur their own respective legal costs with the landlord's legal fees to be split 50/50 between the ingoing and outgoing tenant.
An ingoing premium of £75,000 is sought to include fixtures and fittings.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
VIRTUAL TOUR -
ENERGY PERFORMANCE CERTIFICATE -
EPC rating: C (expires February 2032)
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.