Ground floor restaurant/café of approximately 900 sq ft, with an additional basement level providing useful ancillary storage space. The property is situated on Stokes Croft, benefitting from high levels of footfall and passing traffic.
DESCRIPTION -
The property comprises a ground floor restaurant/café of approximately 900 sq ft, with an additional basement level providing useful ancillary storage space. The premises is fully fitted and ready for immediate occupation, benefiting from commercial grade extraction, making it suitable for a wide range of food uses. Further features include a front terrace that offers external seating and enhances customer visibility and footfall.
Please note the basement cannot be used for the storage of food or waste.
LOCATION -
The property occupies a prominent and busy trading position on Stokes Croft, one of Bristol’s most vibrant and well known commercial locations. The area benefits from high levels of footfall and passing traffic, and is renowned for its mix of independent retailers, cafés, bars, and cultural attractions. The premises is conveniently located within close proximity to Bristol city centre and the Cabot Circus shopping quarter.
LEASE DETAILS -
The premises is offered to let by way of an assignment of the existing lease with approximately 4 years remaining. We understand the lease is granted within sections 24 - 28 of the landlord and tenant act 1954 and therefore benefits from security of tenure.
The ingoing tenant and outgoing tenant to incur their own respective legal fees, with the landlord's fees split 50/50.
PREMIUM -
The lease is subject to a premium of £45,000 to include fixtures and fittings.
BUSINESS RATES -
The rateable value with effect from April 2023 is £12,250 with an increase to £20,750 in April 2026.
ENERGY PERFORMANCE CERTIFICATE (EPC) -
EPC rating: D
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.
VIEWINGS -
By appointment.
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.
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.
