44 Whiteladies Road Clifton Bristol BS8 2NH

44 Whiteladies Road
Clifton
Bristol
BS8 2NH

Virtual Freehold Restaurant Investment

Let to Enterprise Inns Plc until 2025
Situated in affluent and busy suburb
Prominent position in established leisure location
Located close to Clifton Down Shopping Centre and Railway Station
Neighbouring occupiers include Boots the Chemist, Sainsbury’s, W H Smith, Santander, RBS, Morrisons and Subway
Six Week Completion

Lot
40
Auction
5th December 2013
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£680,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Virtual Freehold Restaurant Investment

Let to Enterprise Inns Plc until 2025
Situated in affluent and busy suburb
Prominent position in established leisure location
Located close to Clifton Down Shopping Centre and Railway Station
Neighbouring occupiers include Boots the Chemist, Sainsbury’s, W H Smith, Santander, RBS, Morrisons and Subway
Six Week Completion

Lot 40
Auction 5th December 2013
Rent £50,000 per Annum Exclusive
Status Sold
Price £680,000
Sector
Restaurant
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 1 mile north of Bristol Harbourside and City Centre, 13 miles north-west of Bath, 40 miles east of Cardiff
Roads: A4, M32, M4 (Junction 19), M5 (Junction 18)
Rail: Clifton Down Railway Station, Bristol Temple Meads; Railway Station (direct to London Paddington)
Air: Bristol Airport

Situation

Clifton is an affluent suburb north of Bristol Harbourside/City Centre and is home to the University of Bristol, The Downs and Clifton Suspension Bridge. The property is situated in a prominent corner position on Whiteladies Road at its junction with Melrose Place on an established leisure pitch of public houses/bars and restaurants. The property is in close proximity to Clifton Down Railway Station and the Clifton Down Shopping Centre with retailers including Boots the Chemist, Sainsbury’s and W H Smith. Other neighbouring occupiers include Santander, RBS, Morrisons and Subway.

Tenure

Virtual Freehold. A new lease to be granted for a term of 999 years from completion of the sale at a peppercorn rent.

Location

Miles: 1 mile north of Bristol Harbourside and City Centre, 13 miles north-west of Bath, 40 miles east of Cardiff
Roads: A4, M32, M4 (Junction 19), M5 (Junction 18)
Rail: Clifton Down Railway Station, Bristol Temple Meads; Railway Station (direct to London Paddington)
Air: Bristol Airport

Situation

Tenure

Virtual Freehold. A new lease to be granted for a term of 999 years from completion of the sale at a peppercorn rent.

Description

The property comprises restaurant and ancillary accommodation on the ground and lower ground floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises restaurant and ancillary accommodation on the ground and lower ground floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Lower Ground Ground	Restaurant/Bar	207.45 sq m 109.53 sq m	(2,233 sq ft) (1,179 sq ft)	ENTERPRISE INNS PLC (1) (2) on Assignment from Huggins & Co Ltd, a wholly owned subsidiary of Punch Taverns Plc	25 years from 07/09/2000 until 2025 on a full repairing and insuring lease	£50,000	07/09/2015 and 5 yearly
Totals		316.98 sq m	(3,412 sq ft)			£50,000

(1) For the year ending 30/09/2012, Enterprise Inns plc reported a turnover of £692,000,000, pre-tax profits of £34,000,000 and a total net worth of £1,055,000,000. (Source: www.riskdisk.com 29/10/2013)
(2)The property has been sublet to The Cowshed (Bristol) Limited (t/a The Cowshed Restaurant).