Investment for sale - Shakespeare, 1 Henry Street, Totterdown, Bristol, BS3 4UD

<strong>Description</strong><br>The property comprises the basement, ground and first floor of a two storey end of terrace building with exposed brick elevations beneath a flat roof.<br /> <br /> Basement: The basement provides cellar and stores.<br /> <br /> Ground: The ground floor provides an open plan trading area with a central bar servery and seating on loose tables, chairs and bench seating for 45 customers. Ancillary areas include a small trade kitchen and customer WC's.<br /> <br /> First Floor: The first floor comprises the managers accommodation of a kitchen, two double bedrooms, one single bedroom, living room, office and bathroom.<br /> <br /> Externally: There is a split level paved garden to the rear with seating on loose tables and chairs for 30 customers. Additional seating is provided to the front elevation for a further 16 customers.<br><br><strong>Tenancy</strong><br>The entire property is let to Guerilla Pub Company Limited on a 5 year lease from 9 September 2024 at a current rent of £30,334 per annum and an annual tie release fee of £51,020, which are both subject to annual reviews reflecting the change in the RPI over the preceding 12 months, subject to a minimum increase of 2% and a maximum increase of 6%. A rent deposit of £7,394 is held by the landlord. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.<br><br>