Property Information
Address:
27-29, Baldwin Street, Bristol
, BS1 1LT
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH544308
Property Ref/Agent: 21192_26837085
*Please use the agent ref when calling the agent directly.
Property description
LEASE FOR SALE - Modern and fully equipped caf of approximately 870sqft arranged benefitting from a triple width frontage, kitchen and toilet facilities situated in Bristol City Centre. An assignment of the existing lease is offered with an ingoing premium of £35,000 to include a full inventory.
Description - Recently renovated triple fronted caf benefitting from air conditioning, electric shutters, fitted kitchen area, toilet and small office. An assignment of the existing lease is offered. An ingoing premium of £35,000 is sought to include a full inventory.
Location - Situated fronting Baldwin Street within 'Newminster House' with a connecting internal door to the office reception. The property is situated on the junction of St Stephen Street.
Lease Details - The residue of a 15 year Fully Repairing and Insuring lease (by way of service charge) which commenced approximately November 2016. We are informed the rent is currently set at £7,500p.a rising to £10,000pa in years 2 and 3, and £15,000pa in year 4. We are informed there is a rent review in year 4 although the rent is capped at a maximum of £15,000pa and can reduce should the market dictates.
Service Charge/Insurance - There is a quarterly service charge payable which includes the buildings insurance and bin storage/collections. This fee is £1,000 per quarter.
Opening Hours - The current business opens from 7am - 3pm, Mon-Fri with scope to increase the hours and open on the weekends.
Planning - We are informed the property benefits from A1 consent and is currently run as a Sandwich Shop. We are informed by our client that a full A3 application has been submitted and plans for extraction have been drafted.
There is a requirement to continue offering a day time caf service to the office residents of the neighbouring building.
Business Rates - The rateable value as per the VOA website is £16,500. Parties are advised to contact the local authority to confirm rates payable.
Viewings - As an actively trading business, viewings are strictly by appointment with Maggs & Allen.
Energy Performance Certificate - Rating: C.
Vat - We are informed VAT is applicable on top of the rent (but not the premium).
Tenant Application Fee - The ingoing tenant will be charged an application fee of £200 plus VAT (£240 inc VAT) towards the costs incurred in undertaking appropriate credit and reference checks.
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.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of this property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
These particaulrs including all measurements, plans, dimensions and photographs are provided for guidance purposes only and any intending purchaser or lessee should make their own enquiries.
;