*** in-going premium of £75,000 ***

An exceptional opportunity to acquire the lease for this well-established restaurant and bar, ideally situated in a prime location on Whiteladies Road. The premises span approximately 3,000 ft² across the ground floor and basement, with a highly desirable and recently refurbished sun terrace to the front providing further seating, with a large and contemporary aluminum pergola.

The site has been recently refurbished and re-branded as Terrace at 43, but is available by sale by way of an assignment of the existing lease, although a new lease may also be considered. An ingoing premium of £75,000 is required, which includes a full inventory.

The restaurant and bar area extends to approximately 935 ft² offering a stylish and welcoming dining space. To the rear of the bar/restaurant there is a large and fully equipped commercial kitchen with walk-in fridge. The basement level offers further seating and storage, with the potential for a variety of alternative uses.

This is a rare chance to take over a thriving hospitality venue in one of Bristol’s most sought-after locations.

LOCATION

The property occupies a highly sought-after trading position on Whiteladies Road, a bustling and prestigious area in Clifton, Bristol. Situated adjacent to BBC Broadcasting House and just a short distance from M&S Simply Food, the location benefits from high footfall and strong visibility. Whiteladies Road is well known for its vibrant mix of independent businesses, popular restaurants, cafes, and national retailers, making it a prime destination for both locals and visitors.

PREMISE LICENSE

We understand the site has a Premise License to serve alcohol between the hours of 12 noon and 12 midnight, 7 days a week.

BUSINESS RATES

The Rateable Value with effect from April 2023 is £30,750.

ENERGY PERFORMANCE CERTIFICATE (EPC)

Rating: To be confirmed.

FLOOR PLAN

The floor plan and floor areas are provided for indicative purposes only and should not be relied upon.

VAT

All figures quoted are exclusive of VAT unless otherwise stated.

LEASE DETAILS

We understand the premises is let on an effectively fully repairing and insuring term at a current rent of £38,000pa. We understand the tenants benefit from Security of Tenure under The Landlord & Tenant Act 1954, and that the landlord has agreed to offer a lease extension (with a fixed rent of £38,000pa to March 2028.

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.