FOR RENT
15/01/26
2878
18242110 / Rightbiz
A fully fitted café benefiting from a first floor kitchen, cellar storage and 3-phase power. The unit has been recently refurbished by the current tenant and the lease is offered for sale to include the full inventory and equipment.
LOCATION
The property is located in a bustling position opposite Browns Restaurant with the added advantage of being located next to a pedestrian crossing on the Clifton Triangle.
Other neighbouring occupiers include, Knoops, Pret a Manger and The Botanist.
PREMIUM
Please note the lease is subject to an ingoing premium, with a quoting price of £69,950.
VIEWINGS
As a trading business viewings are strictly by appointment with Maggs & Allen.
BUSINESS RATES
The rateable value with effect from April 2024 is £20,000.
ENERGY PERFORMANCE CERTIFICATE
Rating: D - valid to March 2031.
VAT
All figures are quoted exclusive of VAT unless otherwise stated.
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.
INVENTORY
The copy of the inventory is available on request.
LEASE TERMS
The unit is offered to let on an assignment of a 10 year fully repairing and insuring term from 14th July 2021, at a current rent of £24,000pa, subject to a rent review at the 5th year. We understand the tenant benefits from Security of Tenure.
ASSIGNMENT TERMS
The lease is available for assignment subject to an ingoing premium of £69,950 for the inventory.
The landlords legal fees are to be split equally between the ingoing and outgoing tenants. Each party will otherwise incur their own respective legal fees.
Proof of funds and references will be required from the prospective tenant.
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.