Freehold Restaurant Investment
Freehold Restaurant Investment
Clifton is an affluent suburb of Bristol, located less than a mile west of the city centre. Clifton is a popular residential and commercial area, being home to a number of Bristol University buildings (student body of over 20,000). Whiteladies Road (A4108) is a busy thoroughfare leading to the city centre via Park Row. Bristol Grammar School and Bristol Lido are all within walking distance. The property is location on Whiteladies Road close to its junction with Cotham Hill and diagonally opposite Clifton Down Shopping Centre and near to the railway station. Nearby occupiers include Coop, Subway, Coral, Boots, Costa and Dominos together with a number of specialist retailers.
Freehold.
Clifton is an affluent suburb of Bristol, located less than a mile west of the city centre. Clifton is a popular residential and commercial area, being home to a number of Bristol University buildings (student body of over 20,000). Whiteladies Road (A4108) is a busy thoroughfare leading to the city centre via Park Row. Bristol Grammar School and Bristol Lido are all within walking distance. The property is location on Whiteladies Road close to its junction with Cotham Hill and diagonally opposite Clifton Down Shopping Centre and near to the railway station. Nearby occupiers include Coop, Subway, Coral, Boots, Costa and Dominos together with a number of specialist retailers.
Freehold.
The property comprises a ground floor restaurant with first and second floor ancillary accommodation.
VAT is not applicable to this lot.
6 week completion
Band C . See legal pack
The property comprises a ground floor restaurant with first and second floor ancillary accommodation.
VAT is not applicable to this lot.
6 week completion
Band C . See legal pack
| Floor | Use | Floor Areas (Approx sq m) | Floor Areas (Approx sq ft) | Tenant | Term | Rent p.a.x. | Reversion |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Restaurant Ancillary Ancillary |
110.47 sq m 52.40 sq m 49.30 sq m |
(1,189 sq ft) (564 sq ft) (530 sq ft) |
HUB BOX LIMITED (2) t/a HUBBOX | 25 years from 29/09/1998 | £39,000 (1) |
28/09/2023 |
212.17 sq m (3) |
(2,283 sq ft) (3) |
£39,000 per annum plus an additional £3,545 per annum until 24/06/2023 (1) |
|||||
(1) In a Deed of Variation dated 24/09/2020, the tenant is to pay £886.36 every rental quarter (£3,545 pa) until 24/06/2023, for rent cessation, during Covid lockdowns.
(2) Hub box trades from 11 restaurants in the southwest (Source : www.hubbox.co.uk/restaurants/)
For the year ended 31/12/2020 Hub Box Limited reported a turnover of £7,229,961, pre tax loss of £573,880 and shareholders funds of £319,364 (Source : Companies House 25/02/2022)
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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