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    Key features

    • Investment let at £60,000 pa (8.28% on Guide Price)
    • Let to tenant trading as Toto Chinese on a new 10 year lease from March 2023 (subject to option)
    • Nearby occupiers include Nando's, Fred Perry, Jigsaw, Ace & Tate and L'OCCITANE
    • Popular Student Location in Central Bristol

    Description

    The property comprises a ground and basement floor restaurant. The upper parts are not included in the sale.

    Additional information

    Tenure

    Long Leasehold. Held on a term of 250 years from 14.08.2000.

    Accommodation

    Please note the approximate areas have been taken from the VOA and the property has not been inspected by Savills.


    Ground - 117.87 sq m (1,269 sq ft)

    Basement - 13.31 sq m (143 sq ft)


    Total - 131.18 sq m (1,412 sq ft)


    Tenancy

    The entire property is let to a tenant trading as Toro Chinese on a new 10 year lease from 28.03.2023 at a rent of £60,000 pa. The tenant benefits from a break option in the fifth year. Please see lease in the legal pack.

    Planning

    The property may benefit from change of use/development potential (subject to necessary consents). For further enquiries please contact Bristol City Council (www.bristol.gov.uk/residents/planning-and-building-regulations/).

    Rent

    £60,000 pa
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Bristol is a popular and attractive University City. The property is located in a prominent location within the student district, a short walk from the campus. The property is located on the north side of Park Street, with nearby occupiers including Nando's, Fred Perry, Jigsaw, Ace & Tate and L'OCCITANE.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums