Retail premises to let in The Arcade, Bristol BS1

Location
The retail unit is located within a prime trading pitch within The Arcade, which provides a busy pedestrian link between Broadmead and The Horsefair. Both Broadmead and Horsefair house a variety of national occupiers. The Arcade houses an exciting mix of speciality & independent retailers, coffee shops, restaurants and takeaways, to include Card Shack, Black Sheep Coffee, Shakeaway, Bakers Dolphin & many others.

Accommodation / Description
The retail unit is currently occupied by a Vintage Clothing operator and is generally presented in very good condition. There may be an opportunity for a new ingoing tenant to acquire some fixtures and fittings from the existing occupier, subject to negotiation. The unit provides ground floor retail and basement ancillary.

The property provides the following approximate floor areas, which prospective parties should verify upon inspection: -

Ground Floor Retail Area: C.1557 sqft c. 144.65 sq.m
Basement: C. 445 sqft c. 41.34 s.qm

Lease / Terms
The unit is held on an existing lease expiring 18th April 2028 at a
passing rent of £24,000 per annum exclusive.

There is an annual service charge payable which is currently c. £20,611 plus VAT per annum and an annual insurance apportionment currently equating to c. £3,142 plus VAT per annum.

The unit is available either via Lease assignment, sub-lease or the landlord will consider agreeing a new lease directly with a suitable proposed tenant, subject to agreeing suitable terms and reviewing covenant & accounts etc. To help speed up the decision process, we would advise all interested parties to prepare as much background information as possible in relation to their respective businesses, which we can then provide to the landlords representatives to review upon any offers being submitted for consideration.

Legal Costs
Each party is to be responsible for their own legal and professional costs incurred in this transaction. The proposed sub-tenant/assignee may also be required to contribute towards the landlords legal/professional costs.

EPC

Available upon request

Rateable Value
£30,250 (April 2023)
ubr: 0.546 (2024/2025)
Rates Payable: £16,516 pa
**After Rates Relief (if eligible for discount): £4,129 pa payable through to April 2025
** Interested parties should check with the local Council as to whether they are eligible for any business rates relief. If you’re eligible, you could get 75% off your business rates bills for the 2024 to 2025 billing year (1 April 2024 to 31 March 2025).

Viewing and Further Information:-
Please note that that is a confidential leasing opportunity with staff unaware of the unit availability. Therefore, all enquiries must strictly come through DTR Surveyors and no direct approach to be made to shop staff under any circumstances.