Boardroom, 20 St. Nicholas Street, BS1

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Key Points

Summary

Public House Investment For Sale

Description

The property comprises the ground, basement, first and second floor of an end of terrace building with painted elevations beneath a flat roof.

Ground Floor:
The ground floor provides an open plan trading area with a central bar servery and seating provided on loose tables and chairs for approximately 45 customers.

First Floor:
The first floor comprises a function room with it’s own independent entrance, stores and former trade kitchen.

Second Floor:
The second floor provides manager’s accommodation comprising three bedrooms, bathroom, separate WC and office.

Externally:
There is seating for 30 customers to the front elevation by way of a pavement licence.

Basement:
Beer cellar and customer WC’s.

Location

Located in the City of Bristol on the River Avon, 13 miles (20.8 kilometres) north west of Bath and 35 miles (56 kilometres) south of Gloucester. Bristol has a population of 465,866 and is home to the University of Bristol and the University of West of England with a combined student population in excess of 54,000.

The Boardroom occupies a prominent position fronting St Nicholas Street in the Old City. National operators such as Revolution and Slug & Lettuce are located within the immediate vicinity along with a number of independent operators.

Tenure

The property is held freehold (Title Number AV245461).

Tenancy

The entire property is let to The Boardroom Bristol Limited on a 10 year lease from 4 November 2015 at a current rent of £61,143 per annum which is subject to five yearly open market reviews and annual uncapped RPI increases. A rent deposit of £13,796 is held by the landlord.

Planning

The property is Grade II Listed and situated within the City and Queen Square Conservation Area.

VAT

It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered

EPC

In the course of preparation.

Terms

We are instructed to invite offers in excess of £900,000 (6.85% NIY) assuming the usual purchasers costs.

The tenant’s lease is also available by way of a separate negotiation.

Money Laundering

Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings & Contacts

All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.

Virtual Tour

https://vt.ehouse.co.uk/WYS5ztH7qEL

Fixtures & Fittings

The fixtures and fittings are currently owned by the occupational tenant.