Lansdown, 8 Clifton Road, Bristol, BS8 1AF
Offers in Excess of
£1,125,000
£286.99 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,920 sq ft
364 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold public house investment
- Entire property let to DL Pubs Ltd
- Property arranged over five levels: basement, ground, first, second and third floors
- Current rent is £93,150 per annum
- The rent is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year)
- We are instructed to invite offers in excess of £1,125,000 (7.82% NIY)
- Site extending to 0.090 acres
- Lease expires October 2038
- Business unaffected by sale
Description
Description
The property comprises the ground, basement and three upper floors of a three storey corner building with painted elevations beneath a pitched and hipped roof.
Location
Located in the city of Bristol in south west England, 1.4 miles (2.2 kilometres) east of Bristol City Centre and 14.8 miles (23.7 kilometres) north west of Bath.
The Lansdown is situated fronting Clifton Road a short distance from Bristol University and in a mixed residential and commercial area. Nearby occupiers include the Barrelhouse (Heineken), the Albion (St Austell Brewery) and a number of independent retailers and restaurants.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a centra lbar servery and seating on loose tables, chairs and bench seating for 38 customers .Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises a function room with a main bar for 58customers.
Second Floor: The second floor comprises, one double bedroom, family bathroom, kitchen, study and living room. Basement: The basement provides a cellar and stores.
Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 78 customers. There is no parking.
Tenure
The property is held freehold (Title Number BL36428 ).
Tenancy
The entire property is let to DL Pubs Limited on a 20 year lease from 12 October2018 at a current rent of £93,150 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £45,000 is held by the landlord.
Planning
The property is Grade II Listed and is situated within the Clifton & Hotwells Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
In the course of preparation.
Terms
We are instructed to invite offers in excess of £1,125,000 (7.82% NIY)assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
The property comprises the ground, basement and three upper floors of a three storey corner building with painted elevations beneath a pitched and hipped roof.
Location
Located in the city of Bristol in south west England, 1.4 miles (2.2 kilometres) east of Bristol City Centre and 14.8 miles (23.7 kilometres) north west of Bath.
The Lansdown is situated fronting Clifton Road a short distance from Bristol University and in a mixed residential and commercial area. Nearby occupiers include the Barrelhouse (Heineken), the Albion (St Austell Brewery) and a number of independent retailers and restaurants.
Accommodation
Ground Floor: The ground floor provides an open plan trading area with a centra lbar servery and seating on loose tables, chairs and bench seating for 38 customers .Ancillary areas include a trade kitchen, customer WC's and stores to the rear.
First Floor: The first floor comprises a function room with a main bar for 58customers.
Second Floor: The second floor comprises, one double bedroom, family bathroom, kitchen, study and living room. Basement: The basement provides a cellar and stores.
Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 78 customers. There is no parking.
Tenure
The property is held freehold (Title Number BL36428 ).
Tenancy
The entire property is let to DL Pubs Limited on a 20 year lease from 12 October2018 at a current rent of £93,150 per annum which is subject to five yearly open market reviews and annual uncapped RPI (except in the open market review year). A rent deposit of £45,000 is held by the landlord.
Planning
The property is Grade II Listed and is situated within the Clifton & Hotwells Conservation Area.
VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.
EPC
In the course of preparation.
Terms
We are instructed to invite offers in excess of £1,125,000 (7.82% NIY)assuming the usual purchasers costs.
Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.
Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.
Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.
Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing:
Brochures
Lansdown, 8 Clifton Road, Bristol, BS8 1AF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clifton Down Station0.7 miles
- Redland Station1.1 miles
- Bedminster Station1.3 miles
Notes
These notes are private, only you can see them.
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