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Investment / Refurbishment Opportunity
FOR SALE
217 Gloucester Road
Bishopston
Bristol
BS7 8NN
Total Approximately 2,524 sq ft (234.49 sq m)
Newly Refurbished Restaurant Let to Zazus Kitchen Restaurants Ltd
and
Vacant Office Suite of 582 sq ft (54.07 sq m) with Residential Conversion Potential
(Subject to Consent)
LOCATION
The property is located at the eastern flank of the A38 Gloucester Road, Bishopston, lying
approximately 2 miles north of Bristol city centre and 6 miles south of the M4/M5 Motorway
interchange. Gloucester Road is widely acknowledged as having the largest number of
independent traders in any one road in the UK. The street provides a vibrant mix of retail, leisure
and community uses flanked by the affluent suburbs of Bishopston, Redland and St Andrews.
DESCRIPTION
The property comprises a mid-terrace building of a traditional design and construction
with a newly refurbished restaurant at ground and first floor level and a self-contained
office at 2nd floor level.
ACCOMMODATION
The accommodation is arranged as follows:Ground Floor Restaurant
Ground Floor Ancillary
First Floor Restaurant
Second Floor Office
-
978 sq ft
469 sq ft
495 sq ft
582 sq ft
(90.86 sq m)
(43.57 sq m)
(45.99 sq m)
(54.07 sq m)
Total
-
2,524 sq ft
(234.49 sq m)
TENURE
Freehold.
TENANCIES
Ground and First Floor let to Zazus Kitchen Restaurants Ltd for a term of 20 years from
6th August 2015.
The property is let on effective full repairing and insuring terms, at an annual rental of
£23,000 per annum exclusive with upward only rent reviews at the expiration of the 5th,
10th, and 15th years of the term. The tenant has the right to break the lease at the
expiration of the 10th year of the term.
The Second Floor is to be offered with vacant possession.
BUSINESS RATES
Ground and First Floors Rateable Value: £17,750
Second Floor Rateable Value: £5,100
PRICE
Offers are invited for the freehold interest in the region of £410,000, Subject to Contract.
VAT
All terms quoted are exclusive of VAT..
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.
FURTHER INFORMATION
For further information, or if you wish to arrange an inspection, please contact the sole
agent:
WILLIAMS GUNTER HARDWICK
Clifton Heights, Triangle West, Clifton, Bristol, BS8 1EJ
Tel:
0117 922 1222
Fax:
0117 922 5722
Attn:
Mike Woodliffe
Andrew Hardwick
Email:
[email protected]
[email protected]
SUBJECT TO CONTRACT
OCTOBER 2015
Front Elevation
Restaurant Interior
First Floor Interior
Ground Floor Bar Area
Second Floor Office Interior
Rear Elevation