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Boardroom, 20 St. Nicholas Street, Bristol, BS1 1UB

£900,000

£227.50 per sq ft

Business rates & charges may apply

Savills, Margaret Street - Licensed Leisure
SIZE AVAILABLE

3,956 sq ft

368 sq m

SECTOR

Pub for sale

Key features

  • Freehold public house investment
  • Entire property let to The Boardroom Bristol Limited
  • Current rent of £65,110 per annum
  • The property is arranged over ground, basement and two upper floors and extends to 3,956 sq ft
  • Lease expires November 2025
  • The rent is subject to five yearly open market rent reviews and annual uncapped RPI increases
  • We are instructed to invite offers in excess of £905,000 (6.85% NIY)
  • Business unaffected by sale
  • The tenant’s lease is also available by way of a separate negotiation

Description

Description
The property comprises the ground, basement, first and second floor of an end of terrace building with painted elevations beneath a flat roof.

Ground Floor:
The ground floor provides an open plan trading area with a central bar servery and seating provided on loose tables and chairs for approximately 45 customers.

First Floor:
The first floor comprises a function room with it’s own independent entrance, stores and former trade kitchen.

Second Floor:
The second floor provides manager’s accommodation comprising three bedrooms, bathroom, separate WC and office.

Externally:
There is seating for 30 customers to the front elevation by way of a pavement licence.

Basement:
Beer cellar and customer WC’s.

Location
Located in the City of Bristol on the River Avon, 13 miles (20.8 kilometres) north west of Bath and 35 miles (56 kilometres) south of Gloucester. Bristol has a population of 465,866 and is home to the University of Bristol and the University of West of England with a combined student population in excess of 54,000.

The Boardroom occupies a prominent position fronting St Nicholas Street in the Old City. National operators such as Revolution and Slug & Lettuce are located within the immediate vicinity along with a number of independent operators.

Availability_text
The accommodation comprises the following areas:

Tenure
The property is held freehold (Title Number AV245461).

Tenancy
The entire property is let to The Boardroom Bristol Limited on a 10 year lease from 4 November 2015 at a current rent of £61,143 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £13,796 is held by the landlord.

Planning
The property is Grade II Listed and situated within the City and Queen Square Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered

EPC
In the course of preparation.

Terms
We are instructed to invite offers in excess of £900,000 (6.85% NIY) assuming the usual purchasers costs.

The tenant’s lease is also available by way of a separate negotiation.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.

Virtual Tour


Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Brochures

Boardroom, 20 St. Nicholas Street, Bristol, BS1 1UB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bristol Temple Meads Station0.6 miles
  • Bedminster Station1.0 miles
  • Montpelier Station1.0 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 136539-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Margaret Street - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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