FOR RENT
05/10/26
4255
18779859 / Rightbiz
A rare opportunity to purchase a restaurant lease located in a prime trading position on North Street. The restaurant is very well presented, measuring approx. 785 ft², with additional terrace to the front providing further seating. The property benefits from rear access, air conditioning, kitchen and pizza oven. The lease is available for sale subject to an ingoing premium of £60,000.
LOCATION
The restaurant is located in a prime and bustling trading position on North Street. Notable neighbouring occupiers include The Lounge, Coffee #1, The Hen & Chicken and The Tobacco Factory.
BS3 has recently, and is still, undergoing significant development which includes roughly 6,600 new homes plus approx 2,400 student bed spaces.
BUSINESS RATES
The Rateable Value with effect from 2026 is £11,500. We therefore would expect those eligible for small business relief to benefit from 100% exemption at this time. However, we advise all interested parties to confirm directly with the local authority.
FLOOR PLAN
The floor plan is provided for indicative purposes only and should not be relied upon.
ENERGY PERFORMANCE CERTIFICATE (EPC)
Rating: To be confirmed.
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.
LEASE DETAILS / PREMIUM
The restaurant is available to let on a new and effectively fully repairing and insuring basis, subject to an ingoing Preimum of £60,000 for the lease and equipment.
Each party to incur their own respective legal fees.
VAT
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS
Strictly by appointment only.
PHOTOGRAPHS
Please note, library/previous photos have been used.
CODE FOR LEASING BUSINESS PREMISES
We advise all interested parties to refer to the RICS Code for Leasing Business Premises, link available via our website.
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.