Description

LOCATION

The Amber Regent is situated in an ideal trading position, in the heart of Glasgow’s central office area. The premises are situated on West Regent Street, close to its junction with Renfield Street and are within easy walking distance of the main retailing areas, Central Station, Queen Street Station and main bus routes.

DESCRIPTION

The Amber Regent is arranged over the ground floor and lower ground of a multi-storey city centre traditional stone constructed building, under a pitched roof. The premises have an attractive entrance, directly from West Regent Street, which leads into the main lobby/reception area of the restaurant. There are large windows fronting West Regent Street, which provide excellent light internally.

ACCOMMODATION

The accommodation is as follows:

Ground Floor

Reception/Lobby

The premises are accessed directly from West Regent Street, which leads into the main restaurant reception/lobby area.

Bar

The bar area is set to one side and has an attractive semi-circular window directly onto West Regent Street, providing excellent natural light. There is a highly attractive bar servery and small seating area.

Main Restaurant

The main restaurant is situated to the rear. In total, there is seating for 76 persons. The restaurant has highly attractive decorations, in a Chinese design, and benefits from high internal ceilings and good quality lighting throughout. There is a mix of loose tables and chairs, as well as fixed back seating.

Private Dining Room

Situated to the front with two semi-circular windows directly onto West George Street. The private  dining area has seating for 29 persons.

Kitchen

Fully fitted commercial kitchen.

Stores

A variety of stores.

Lower Ground Floor

Customer Toilets

Ladies and gent’s customer toilets.

RATEABLE VALUE

The premises have a Rateable Value of £58,500.

SERVICES

We understand that the property is connected to all mains water, gas, electricity and drainage.

PREMISES LICENCE

The premises licence will be transferred to the new owner.

THE OPPORTUNITY

The Amber Regent is a very highly respected Chinese restaurant, which has become a Glasgow institution. The premises opened in 1988 and has been operating for almost 35 years.

The business specialises in Cantonese cuisine and, in particular, is known for using the best quality seafood and shellfish. The business has a loyal and dedicated customer base, which should provide a smooth transition of the business to a purchaser.

This is an excellent opportunity to acquire a rarely available Heritable  trading  restaurant  within  the  city  centre,  with  a substantial and loyal customer base.

TRADING RECORDS

Pre-pandemic, the business was generating sales in the region of £1,100,000 net of VAT. Whilst the business was clearly severely impacted by the pandemic, we understand that revenues have now increased to a level similar to those achieved prepandemic.

PRICE

The Amber Regent has been placed on the market at offers over £1,200,000 for the benefit of our client’s Heritable interest and business.

EPC

The property has an EPC rating of G.

VIEWING AND FURTHER INFORMATION

Strictly no approaches to be made to the property direct. For further information please contact the joint agents CDLH on 0141 331 0650 or Cargill Property on 0141 248 2859.

ANTI MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available