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Bold Street Restaurant, LIverpool

Liverpool, Merseyside
Leasehold Price:
£125,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
220965

Details

SITUATION
The property is situated on Bold Street in the heart of Liverpool’s vibrant and desirable Ropewalks. The immediate
locality forms Liverpool’s Independent Quarter with a bustling bar and restaurant scene and signifcant retail
and pedestrian footfall. Bold Street is home to a host of operators including Pho, Miyagi, Mowgli, Maray, Koop, Leaf
and Red Dog Saloon.
The main campuses of Liverpool University and Liverpool John Moores are within a 5 minute walk, whilst the popular
wider Ropewalks area of Berry St, Seel St and Wood Street are within a short 2 minute walk of the property. Liverpool’s
main retail core is situated 100 metres to the north west and Liverpool One is within a short walk.

DESCRIPTION
Chicha forms a Peruvian themed bar restaurant serving a range of Peruvian classics, small plate tapas and street food.
Chicha trades from the basement, ground and first floor within this prominently located period three storey with basement
rendered mid terraced property. The restaurant is arranged at ground floor and first floor and provides a high specification fit out within an open plan trading area format. The accommodation benefits from plastered and part exposed brick walls, ceiling coving to the ground floor, pendent and recessed lighting, fully installed air conditioning system, feature floor tiles and hard wood flooring throughout.

ACCOMMODATION COMPRISES:
Feature entrance from Bold Street, bar servery, split level restaurant trading area with circa 55 covers arranged over a
range of loose tables, chairs and bench seating. To the rear are 3 unisex toilets and a disabled W/C together with an exit
to the external yard and fire escape.
BASEMENT:
Full commercial kitchen, beer cellar, food prep area, 2 x stores, Manager’s office and fire door to fire escape.
First Floor:
Staircase from ground floor leading to a large fully fitted restaurant area comprising 70 covers across a range of loose
tables, chairs and fixed bench seating. To the rear is a small bar area (10 covers) in addition to a hostess station and
dumb waiter.
Second Floor:
3 bedroom apartment with lounge diner, kitchen and bathroom. Access is via the external fire staircase and
entrance door to rear alleyway. The apartment generates a rental income of £8,160 pa.

LICENSING
The property benefits from a premises license to serve alcohol:  Monday to Sunday: 9am – 12am.


PLANNING
The property benefits from an A3 Restaurants & Café planning use.
BUSINESS RATES
The premises are rated for business rates:
Rateable Value: £34,750
Rates Payable: £17,168 pa
With effect from: 1st April 2017

ACCOMODATION

DEMISE        SQ M   SQ FT
GROUND      109      1,173
BASEMENT  108      1,162
FIRST            99       1,065
TOTAL          316      3,400

PREMIUM
Offers in excess of £125,000 are invited for the leasehold interest, business goodwill, fixtures and fittings and residential AST income.

SERVICES
The property benefits from mains gas, electricity, water, fully installed air conditioning system and fire detection system.

LEASE TERMS
Lease: 20 years from 9th February 2016 (18 years unexpired)
Rent: £47,000 pa
Rent review: 5 yearly (next review – February 2021)
Service charge (17/18): No service charge
Insurance (17/18): TBC

LICENSES
The property lease will be sold with the benefit of a premises license.


VIEWINGS
Discreet customer inspections are suggested in the first instance, please note that no approach must be made to site. Formal accompanied inspections can be arranged by contacting info@bistroqui.com

Listing Details
Leasehold Price: £125,000
Tenure: Leasehold
Sector: Restaurants
Financials
Annual Turnover: Available upon request
Key Features
  • Prime Location
  • Price Reduced
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