Mid terrace restaurant for sale on Gloucester Road, Bristol with 1,500 ft² of space available
Undisclosed, BristolRent: £1,500 per month
Status:
FOR RENT
Date Submitted:
22/01/26
Advert ID:
3066
Reference:
18384075 / Rightbiz
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Business Details
*** lease for sale ***
An outstanding opportunity to acquire a fully fitted and extended mid-terrace restaurant, offering approximately 1,500 ft² in one of Bristol’s most sought-after trading locations. The lease is available for sale to include a full inventory and commercial kitchen, subject to an ingoing premium of £90,000. The lease was granted for a term of 10 years in 2023 at a passing rent of £18,000pa and we understand the tenant benefits from Security of Tenure.
LOCATION
The restaurant is located in a highly desirable trading position on Gloucester Road opposite The Promenade. Neighbouring occupiers include Costa Coffee, Kal Dosa and the Blue Lagoon.
BUSINESS RATES
The rateable value with effect from April 2023 is £17,250.
PREMIUM
The lease, and fixtures and fittings (subject to inventory) are available for sale subject to an ingoing premium of £90,000.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Rating: B.
LEASE DETAILS
The restaurant is available for sale on an assignment of the current lease which is drawn for a term of 10 years term from 2023 at a passing rent of £18,000pa. We understand the tenant benefits from Security of Tenure. Each party to incur their own respective legal fees, although the landlords legal fees are to be split on a 50/50 basis between the ingoing and outgoing tenant.
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.
FLOOR PLAN
The floor plan is provided for indicative purposes only and should not be relied upon.
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.
VAT
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS
By appointment.
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