Well positioned former chain coffee shop/Class E property located in City Centre - suitable for a variety of uses (STPP)
The unit occupies the ground and mezzanine floors of one of the Arts Quarter buildings; a modern mixed use development that includes 38 luxury apartments, theatre and arts space. Fenestration is double glazed set in metal frames.
The unit benefits from a single frontage to Above Bar and a spacious open plan interior with a floor to ceiling height of approximately 6.0m (excluding mezzanine).
The property is currently without loose trade inventory but includes a Heating, Ventilation and Air Cooling (HVAC) infrastructure having most recently traded as branded coffee shop. Under this model, customers were seated on the open plan ground floor and mezzanine levels. Ground floor ancillary space includes customer WCs, prep/wash-up area and storage. On the upper level is an office space with mechanical dumb waiter.
A service charge is applicable.
Leasehold. Rental offers in the region of £55,000 per annum exclusive are sought for the benefit of a new lease with terms to be agreed.
Vacant possession is available upon completion of legal formalities.
We await confirmation of the 2017 Rating List showing the current Rateable Value. The National Multipliers for England and Wales for 2021/2022 are 49.9p (small multiplier) or 51.2p (large).
We understand the property benefits from Commercial Use Class E (suitable uses may therefore include restaurant/bar, retail, financial or business services).
Fixtures and Fittings
We understand that all trade inventory owned outright will be included (subject to negotiation). Branded items will be removed.
Energy Performance Certificate
The property has a rating of C-62.
To arrange a viewing please contact the joint agents. The property is closed to trade.
EPC Rating is C (62)
|Floor / Unit||Type||Size||Status|
|Ground||-||1672 sq ft||Available|
|Mezzanine||-||934 sq ft||Available|