Gloucester Road, Bishopston, Bristol, BS7 8AD

£18,000 Per Annum - To Let

  • Gloucester Road
  • Fully Fitted Restaurant
  • Lease For Sale
  • Passing Rent of: £18,000pa
  • Ingoing Premium: £100,000.



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*** LEASE FOR SALE ***

An outstanding opportunity to acquire a fully fitted and extended mid-terrace restaurant, offering approximately 1,500 ft² in one of Bristol’s most sought-after trading locations.

Strategically positioned on Gloucester Road, opposite The Promenade, this property benefits from exceptional footfall in a vibrant and eclectic commercial hub renowned for its independent retailers, lively café culture, and strong community atmosphere.

The lease is available for sale to include a full inventory and commercial kitchen, subject to an ingoing premium of £100,000. The lease was granted for a term of 10 years in 2023 at a passing rent of £18,000pa and we understand the tenant benefits from Security of Tenure.

DESCRIPTION -

An outstanding opportunity to acquire a fully fitted and extended mid-terrace restaurant, offering approximately 1,500 ft² in one of Bristol’s most sought-after trading locations. The lease is available for sale to include a full inventory and commercial kitchen, subject to an ingoing premium of £100,000. The lease was granted for a term of 10 years in 2023 at a passing rent of £18,000pa and we understand the tenant benefits from Security of Tenure.

LOCATION -

The restaurant is located in a highly desirable trading position on Gloucester Road opposite The Promenade. Neighbouring occupiers include Costa Coffee, Kal Dosa and the Blue Lagoon.

BUSINESS RATES -

The rateable value with effect from April 2023 is £17,250.

ENERGY PERFORMANCE CERTIFICATE (EPC) -

Rating: TBC.

LEASE DETAILS -

The restaurant is available for sale on an assignment of the current lease which is drawn for a term of 10 years term from 2023 at a passing rent of £18,000pa. We understand the tenant benefits from Security of Tenure. Each party to incur their own respective legal fees, although the landlords legal fees are to be split on a 50/50 basis between the ingoing and outgoing tenant.

TENANT APPLICATION FEE -

The ingoing tenant will be charged an application fee of £300 plus VAT (£360 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.

FLOOR PLAN -

The floor plan is provided for indicative purposes only and should not be relied upon.

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.

VAT -

All figures quoted are exclusive of VAT unless otherwise stated.

VIEWINGS -

By appointment.

Floorplan for Gloucester Road, Bishopston, Bristol