Restaurant to let in Stokes Croft, Bristol BS1, £16,000 pa

16,000.00 per month

Offer Nr.:
66622806
Type of ad:
to Rent
Property type:
Restaurant to let
Contact name:
Maggs & Allen
Phone(s):
0117 295 4269

* Fully fitted commercial unit
* Busy trading position
* Secure roller shutter
* Approximately 562 sq ft
A well presented and fully fitted commercial unit of approximately 562 sq ft
with additional basement storage and designated bin store Located on Stokes
Croft.
Currently trading as 'Pint & Pasty Shop' and 'Curry Corner', benefitting from
a premises license, 3 - phase power, secure roller shutter and toilet
facilities. The property is available by way of the current tenant's lease,
subject to an ingoing premium of £40, 000 to include fixtures and fittings.
**Description**
A well presented and fully fitted commercial unit of approximately 562 sq ft
with additional basement storage and designated bin store.
Currently trading as 'Pint & Pasty Shop' and 'Curry Corner', benefitting from
a premises license, 3 - phase power, secure roller shutter and toilet
facilities. The property is available subject to an ingoing premium of £40, 000
to include fixtures and fittings.
**Location**
Situated in a prominent trading position on Stokes Croft, close to the
junction with Ashley Road. Known informally as Bristol's Cultural Quarter,
Stokes Croft is home to a variety of independent boutiques and eateries, such
as 'The Crofters' Rights', 'The Crafty Egg' and 'The Love Inn' which attract a
steady stream of passing trade throughout the day and night. The area is
undergoing significant redevelopment, including the nearby Carriage Works.
**Business Rates**
The rateable Value with effect from April 2023 is £8, 600. 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.
**Lease Details**
The property is available by way of assignment of the current tenant's lease,
on effectively full repairing and insuring terms for a period of 10 years from
4th July 2019 and is subject to a £4, 000 deposit which will be requested from
the ingoing tenant. We understated there is the potential to extend the lease
period
The ingoing tenant will be requested to provide an undertaking for the
landlord's legal fees in respect of the assignment. The outgoing and ingoing
tenant are to incur their own legal costs.
**Premium**
A premium of £40, 000 is sought to include fixtures and fittings. An inventory
is available on request.
**Energy Performance Certificate (Epc)**
EPC rating: B (valid until February 2029).
**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 with Maggs & Allen.
**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.

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