Restaurant Lease For Sale - Henleaze Road, Bristol

A fully fitted and licensed restaurant of approximately 900 ft², located on the High Street in Henleaze. The restaurant benefits from a fully equipped kitchen with canopy and commercial extraction and rear pedestrian access.

The current lease is available for assignment subject to an ingoing premium of £65,000 to include the equipment.

Description - A fully fitted and licensed restaurant of approximately 900 ft², located on the High Street in Henleaze. The restaurant benefits from a fully equipped kitchen with canopy and commercial extraction and rear pedestrian access. The current lease is available for assignment subject to an ingoing premium of £65,000 to include the equipment.

Location - The restaurant is located in a busy trading position on Henleaze Road. Neighbouring occupiers include St Peters Hospice, Kondi Gifts, the Hen & Boar Family Butchers, and Parsons bakery.

Premium - The lease is available for sale subject to an ingoing premium of £65,000 to include a full inventory.

Lease Details - We are advised that the premises is let on a 15 year fully repairing and insuring term from January 2024, at a passing rent of £25,000pa, subject to 5 yearly rent reviews and tenant only break options.

Business Rates - The Rateable Value with effect from 2026 is: £14,500.

Energy Performance Certificate (Epc) - Rating: B. Valid until 21 July 2036.

Vat - All figures quoted are exclusive of VAT unless otherwise stated.

Floor Plan - The floor plan is provided for indicative purposes only and should not be relied upon.

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.

Tenant Application Fee - The ingoing tenant will be charged an application fee of £300 plus VAT (£360 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.

Viewings - By appointment.

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.