Description

LOCATION

Situated within the heart of Glasgow city centre. Glasgow is Scotland’s largest city with a population of around 600,000 persons and is the UK’s largest retail centre after London. Glasgow is one of Europe’s top 20 financial centres, with many company headquarters located within the core city centre. Glasgow is a highly popular city for retail, leisure and tourism and benefits from world class conference/entertainment venues with the Scottish Exhibition and Conference Centre and the SSE Hydro venue. The student market also provides valuable additional income to licensed venues within the city. Glasgow has a student population of around 45,000, contributing around £500 million per year to the Glasgow economy.

Specifically, the subjects are located in the heart of the city centre within the city centre licensed circuit next to Central Station, the main retail attractions and office district. The premises are, therefore, ideally located to benefit from a mix of daytime, evening and weekend trade.

ACCOMMODATION

Formed within a 3 storey plus basement, terraced, ashlar stone building with highly attractive arcaded Corinthian feature frontage. Internally, the accommodation benefits form recent first-class restaurant fit out throughout.

GROUND

Fantastic restaurant space with dining areas to the front, side and rear with an attractive feature bar servery to the centre. There is fixed back and both seating to the side and rear. In total there is space for approximately 170 covers. There are attractive reception and waiter stations throughout and attractive traditional features including herringbone parquet flooring, panelled ceilings, columns and feature ceiling lighting. The ground floor is service by a wash up room and lift.

BASEMENT

Good quality ladies, Gents and Accessible customer toilets.  There are two good sized kitchen areas with commercial canopy fan extraction. The kitchen is part equipped with a two tier pizza oven, metal worktops, tables, fridges, some catering equipment and walk-in fridge. There is also a separate wash up room.

Further ancillary basement accommodation includes a beer chill & store room, staff change, ladies & gents staff toilets, large general store and managers office.

RENT & LEASE TERMS

The initial asking rent is offers in the region of £100,000 per annum, increasing on a stepped basis. Nil premium is sought and a new long term lease will be available. The lease will be of a standard commercial tenant, full repairing and insuring, nature and a rental deposit is required.

THE OPPORTUNITY

This is a fantastic opportunity for an experienced operator to gain the benefit of an extensive restaurant fit-out and develop a first class licensed business. The premises are part equipped and available at low ingoing costs.

EPC

The premises have an Energy Performance rating – B.  A copy of the EPC is available on request.

RATEABLE VALUE

The Rateable Value is £107,000 effective from 1st April 2023.

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 on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available