A fully equipped cafe/bar of approx. 760 ft² with additional terrace, situated in a prime and prominent position on Wells Road, Totterdown.
The unit benefits from A3/A4 planning consent, commercial extraction, Premise License, and is fully fitted and available on the assignment of the existing term, subject to an ingoing premium of £60,000.
DESCRIPTION -
A fully equipped cafe/bar of approx. 760 ft² with additional terrace, situated in a prime and prominent position on Wells Road, Totterdown.
The unit benefits from A3/A4 planning consent, commercial extraction, Premise License, and is fully fitted and available on the assignment of the existing term, subject to an ingoing premium of £60,000.
LOCATION -
The cafe is situated in a highly prominent position on the corner of Wells Road (A37) and School Road, within easy reach of Bristol Temple Meads Train Station.
BUSINESS RATES -
The rateable value with effect from April 2023 is £9,000 and therefore we expect those eligible for small business relief to benefit from nil rates at this time, but recommend all interested parties confirm directly with Bristol City Council.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
Rating: C valid to July 2027.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
PLANNING -
Planning consent was granted in February 2012, Application No. 11/03958/F, for the change of use to A3/A4 (cafe/drinking establishments) with outside seating area to the rear and addition of extract flue to the rear elevation. Further planning was granted in June 2013 for a variation of the opening hours to Monday to Saturday 9am to 12 midnight, and Sunday 9am to 11pm.
PREMIUM -
The lease is available for assignment to include a full inventory (details available on request) subject to a premium of £60,000.
Accounts are available on request.
LEASE DETAILS -
The cafe is available to let on an assignment of a 6 year effectively fully repairing and insuring term which commenced on the 1st May 2024, at a rent of £10,500pa for years 1 & 2, increasing to £11,000pa in the 3rd year, and then subject to a market rent review or CPI review (whichever is the greater). We understand there is a 3 year tenant only break option and that the lease is excluded from Sections 24-28 of The Landlord & Tenant Act 1954.
The outgoing and ingoing tenant are to incur their own respective legal fees and the landlords legal fees be split equally between both parties.
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.
VIEWINGS -
By appointment.
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.
