The property occupies a prominent corner location and is situated towards the upper end of Park Street. It is adjacent to a long-established Asian restaurant, run by the same party occupying the subject property.
Nearby occupiers include Boston Tea Party, L’occitane, Nando’s, Ace & Tate, and Fred Perry.
Location
Park Street is the main road and pedestrian route from Clifton to Bristol City Centre. It runs from Bristol University and Queens Road, through College Green and to the city’s waterfront.
It is a vibrant daytime and evening destination, popular among students, young working professionals and families, offering a vibrant mix of national and independent retailers, bars and restaurants.
Accommodation
The property comprises a ground floor restaurant with basement storage and customer wc’s, and provides the following approximate areas:
Restaurant - 121 sq m (1,300 sq ft)
Basement Ancillary - 13.5 sq m (145 sq ft)
Terms
Tenure - The property is held long leasehold, for a term of 250 years, from 14th August 2000.
Occupational Lease - Following recent renewal, the property is sublet to an established tenant for a term of ten years, from 29th March 2023. The lease includes a tenant only option to break in 2028.
The tenant pays an annual rent of £60,000 exclusive.
Price - Offers are invited in the region of £749,000.
Business Rates:
Rateable Value: £43,000
Parties are advised to make their own enquiries with the relevant charging authority.
Planning - The property has existing consent for uses within Class E.
Energy Performance - C-70. Copy available upon request.
Costs - Each party shall be responsible for their own costs.