- Size: 1104 sq. ft.
- Tenure: Leasehold
- Property Type: Cafe
- Location: Bedmisnter
Features
- Close to large Asda store
- Fully fitted cafe unit
- Low Premium of £10k
- Mostly open plan accommodtion
- Prominent BS3 location
Property Description
Location
These well presented premises are located in a central position on East Street in the prestigious Factory Number 1 development. East Street is one of the principal retail areas of Bedminster, approximately one and a half miles from Bristol City Centre.
Nearby occupiers include, Asda, McDonalds, and The Post Office.
Description
The property provides a self-contained ground floor commercial unit that has been fully fitted to a high standard as a café by the current occupiers. The unit benefits from a glazed shopfront, mostly open plan customer seating area, service counter, kitchen area, rear pedestrian access, and access to a communal bin store
The property has air conditioning/heating throughout, electricity and spot lighting.
Terms
The property is available by way of an assignment of the existing effectively full repairing and insuring lease which expires on 5th April 2028. The current passing rent is £19,000 per annum exclusive. There are no further rent reviews or break options.
Premium
The existing operators, are seeking a significantly reduced ingoing premium of £10,000 for the benefit of the fitted-out unit to create a turn key opportunity for an ingoing Tenant. A full inventory can be supplied.
Service Charge
Current service charge budget is £2,192.46.
Deposit
A 3-6 month deposit may payable depending on the strength of financial accounts.
Size & Floor Area
Ground Floor Area 1,104 sq ft 102.54 sq m
Use
Class E – The lease has a permitted use as a Coffee shop and ancillary use within Class E(b) only.
Business Rates
Rateable Value: £17,750
Rates Payable (2025/26) 39.2p in the £
Interested parties should make their own enquiries to the Local Billing Authority.
Legal Costs
Each party will be responsible for their own legal costs in connection with this transaction. The Landlord’s costs will be split between the Assignee and Assignor.
VAT
VAT is chargeable
Energy Performance
EPC Rating E (101).
Anti-Money Laundering
Once Heads of Terms are agreed successful applicants will be required to provide relevant information to satisfy the AML requirements.
Viewings & Further Information
Steve Cullis – 0117 933 9915 or steve@hootons.co.uk
Ben Newton – 0117 933 9915 or ben@hootons.co.uk