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Restaurant Investment in City Centre - Bristol

For sale: £1,100,000.00|1,980 Sq Ft|Restaurant/Cafes

Property details

FOR SALE£1,100,000.00
SIZE1,980 Sq Ft
ADDRESSGourmet Burger Kitchen, 74 Park Street, Bristol, City of Bristol, BS1 5JX
TYPERestaurant/Cafes
TENUREInvestment Opportunity
POSTED ON25th June 2021

Description

ADDRESS: 74A Park Street, Bristol BS1 5JX
• Was Let to Gourmet Burger Kitchen Ltd
• Long leasehold restaurant investment • Popular retail location
• In England’s 6th Most populous city
LOCATION
The City of Bristol has a population of some 452,000, and is a major port and regional centre situated at the head of the Bristol Channel, 106 miles west of Central London. The city benefits from excellent communications being situated adjacent to the intersection of the M4 and M5 motorways, providing swift access to London, South Wales, the South-West and the Midlands. In addition the city has its own international airport.
SITUATION:
The property, located within a Conservation Area, is situated in a prominent corner position at the junction of Park Street and Park Street Avenue in this popular area of Central Bristol near the university. Park Street is a retail thoroughfare popular with fashion retailers and restaurants. Occupiers close by include a number of buildings forming part of the University and Moss Bros, Starbucks, Jigsaw, Fat Face, Blackwells Books, Christopher Wray Lighting and many bars and restaurants.
DESCRIPTION
The property, which is Listed Grade II, is arranged on basement and ground floors only to provide a refurbished restaurant with ancillary accommodation in the basement.
ACCOMMODATION:
Ground Floor - Restaurant, Kitchen, Bar: 1,666 sq ft., Gross Frontage: 26' 7", Net Frontage : 22' 4",Shop Depth : 49' 5",Built Depth: 64' 11", Basement - Customer WCs and Store : 314 sq ft. TOTAL: 1980sq ft
TENANCY
Let to Mr Kwan Voong on a 10 year FRI Lease from 1 January 2021, at a current rent of £60,000 per annum, with an option to break on 1 January 2024, and an open market review on 1 January 2026
Tenure Leasehold held on a lease for a term of 250 years from 14th April 2000 at a fixed rent of £50 per annum
RENT: £60,000 p.a. VAT: Applicable
PRICE: £1,100,000

Location

marker
Location: Gourmet Burger Kitchen, 74 Park Street, Bristol, City of Bristol, BS1 5JX

Clifton Down (0.7 miles)

Bristol Temple Meads (1.0 miles)

Redland (1.0 miles)

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