• Size:
    Undisclosed
  • Usage:
    A3, A5
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Restaurants
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    F

A prominent restaurant investment opportunity located in the heart of Shrewsbury town centre. The premises are located in a prime position close to Moss Bross, o2, Caffe Nero, Joules Clothing, Milletts, Blacks Outdoors and Lloyds and Natwest Banks. They are occupied by Bistro Qui? Limited who trade as Bistro Jacques and hold the premises under a 20 year lease from June 2011 at a passing rental of £30,000. The 2011 rent review has yet to be implemented.r

* Prime Retail Investment For Sale
* Not Elected For Vat
* Prominent Position In A Busy County Town
* Passing Rent £26,000 Pa
* 2016 Rent Review To Be Implemented
* Epc Fr

SITUATION:
The property is located in a prominent position on Mardol Street
DESCRIPTION:
The ground floor is given over to restaurant and bar area with servery behind
SCHEDULE OF ACCOMMODATION:
Areas taken from plans prepared prior to the current tenants fit-out. An internal inspection is recommended
Ground Floor - 147.9 sq.m (1592 sq.ft)
First Floor 101.8 sq.m (1096 sq.ft)
Cellar 23.6 sq.m(254 sq.ft) - (usuable)
Ground Floor Area ITZA - 95.4 sq.m (1027 sq.ft)
LEASE TERMS:
The premises are held under a 20 year lease from 13/06/2011 with provision for rent reviews every five years. The 2016 rent review has yet to be implemented. The lease is proportional full repairing and insuring and subject to a schedule of condition
COVENANT INFORMATION:
The premises are occupied by Bistro Qui? Ltd who were established in 2003 and now operate 7 establishments. Their accounts for the year ending April 2017 show net assets of £917K however turnover is unreported.
TENURE:
Freehold
PROPOSAL:
Our clients are seeking expressions of interest off a guide price of £620
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Rating for this property is within Band F (135). This was prepared in 2010 prior to the current tenants fit out.
VALUE ADDED TAX:
The property is not VAT elected.
CONTACT INFORMATION:
For further information or an appointment to view please contact either:-
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold

Shrewsbury is the County Town and administrative centre of Shropshire and also a popular tourist destination