A commercial investment comprising a wine bar and restaurant, currently let at £35,000 per annum.
The property is prominently situated on Denmark Street, in the heart of Bristol city centre, just a short distance from Bristol Hippodrome.
DESCRIPTION -
A commercial investment comprising a wine bar and restaurant, currently let at £35,000 per annum. The property is arranged over ground floor, mezzanine and basement levels, extending to approximately 2,368 sq ft.
LOCATION -
The property is prominently situated on Denmark Street, in the heart of Bristol city centre, just a short distance from Bristol Hippodrome. The surrounding area benefits from strong pedestrian footfall and a vibrant mix of leisure, retail and hospitality operators.
TENURE -
The property is to be sold on remainder of a 999 year long leasehold interest, commencing from 2004.
LETTING DETAILS -
The property is let at £35,000pa on a 10 year term from May 2025.
There is a tenant only break option and rent review, year 5.
BUSINESS RATES -
The rateable value with effect from 2026 is £9,200. 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: A (valid until October 2034)
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. We understand that the property is elected for VAT.
VIEWINGS -
By appointment with Maggs & Allen.
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.
