Opportunity to acquire a new lease on this fully fitted ground floor café/restaurant of approximately 910 sq ft located in a great trading position on Cannon Street, Bedminster. The property benefits from commercial extraction and electric security shutter. Offered to let on a new Full Repairing and Insuring basis. The landlord's legal costs are to be split 50/50 between the ingoing and outgoing tenant.
Ground floor café/restaurant of approximately 910 sq ft benefiting from full commercial extraction. The property is arranged as customer dining area to the front with adjoining toilet facilities, to the rear is a fully fitted kitchen and office.
The property is situated within a mixed parade of shops on a very busy intersection between North Street, East Street and West Street. Notable nearby occupiers include J D Weatherspoons, The North Street Standard as well as many other local traders and eateries.
LEASE DETAILS -
The property is available to let on a new Full Repairing and Insuring Lease. Each party to incur their own respective legal fees with the landlord's legal fee's to be split 50/50 between the ingoing and outgoing tenants.
Please note there is an ingoing premium sought of £30,000 to include fixtures and fittings.
BUSINESS RATES -
The rateable Value with effect from April 2023 is £7,800. 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: C
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
By appointment with Maggs & 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.
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.