Shakespeare, 1 Henry Street, Totterdown, Bristol, BS3 4UD
- SIZE AVAILABLE
2,309 sq ft
214 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to Guerrilla Pub Company Limited
- Site extending to 0.053 acres
- Current total income is £81,354 per annum, comprising rent and tie release fee
- Lease expires September 2029
- The rent and tie release fee are both subject to annual rent reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%
- Lease contracted outside the Landlord and Tenant Act 1954 (Part II)
- We are instructed to invite offers in excess of £1,110,000 (6.92% NIY)
- Business unaffected by sale
Description
The property comprises the basement, ground and first floor of a two storey end of terrace building with exposed brick elevations beneath a flat roof.
Basement: The basement provides cellar and stores.
Ground: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 45 customers. Ancillary areas include a small trade kitchen and customer WC's.
First Floor: The first floor comprises the managers accommodation of a kitchen, two double bedrooms, one single bedroom, living room, office and bathroom.
Externally: There is a split level paved garden to the rear with seating on loose tables and chairs for 30 customers. Additional seating is provided to the front elevation for a further 16 customers.
Location
Located in the suburb of Totterdown 0.9 miles south east of the city of Bristol.
The Shakespeare is situated on a corner plot fronting both Henry Street and William Street in a suburb of terraced housing and retail units. A short distance to the south is Totterdown with shops, pubs and eatereis including The Thunderbolt and The Oxford, Mrs Brown’s Café and Pizza Me. A short walk to the north is Bristol city centre.
Tenancy
The entire property is let to Guerilla Pub Company Limited on a 5 year lease from 9 September 2024 at a current rent of £30,334 per annum and an annual tie release fee of £51,020, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £7,394 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
Brochures
Shakespeare, 1 Henry Street, Totterdown, Bristol, BS3 4UD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bristol Temple Meads Station0.4 miles
- Bedminster Station0.7 miles
- Lawrence Hill Station1.2 miles
Notes
Disclaimer - Property reference 333149-1. 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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