Description

A FUSION OF HISTORY WITH TODAY’S VIBRANT CULTURE

At the heart of the Merchant City - Glasgow’s cultural, fashion and food quarter - Merchant Square is a venue full of character. Once part of the old Glasgow Fruit Market, it embodies the history of the area’s dominating Victorian architecture, which today blends seamlessly with its cosmopolitan feel.

Merchant Square is home to ten restaurants, bars and entertainment venues, and is host to popular events such as Glasgow’s Hogmanay party, the Merchant City Festival, twice monthly craft fairs, live sports fan zones, charity events, conferences, pop-up fairs, and many more.

Existing tenants provide a fantastic mix of restaurants, bars and entertainment, including:

PANIA | SANO PIZZA | VODKA WODKA | BAR SOBA | THE TAP YARD | NQ64

O’NEILL’S | TABLE TWENTY-EIGHT | ESCAPE REALITY | ONE UNDER GOLF

THE NEW STUDENT QUARTER

Candleriggs Square is a new £300 million development creating a vibrant mixed-use community. It brings 346 build to rent homes, offices, and Scotland’s largest hotel – the 494 room Social Hub – together with ground floor retail and attractive local amenities.

Galliard Homes’ acquisition of Get Living’s 7.5 acre site behind High Street rail station brings the intention of building a design-led urban scheme. It will deliver a high-quality mixed used development offering additional student and rental housing to the area.

Collegelands is a £200 million development which provides a mixed-use space featuring a park, community lounge & arts centre, student residence, and contemporary apartments, hotel and public car park.

The University of Strathclyde’s Technology and Innovation Centre is a five minute walk away. Comprising 30,000 m2 (323,000 sq. ft.) of space accommodating 1,700 workers, the building includes open-plan office space, three lecture theatres, and areas for specialist laboratory equipment.

THE OPPORTUNITY

The premises are situated in a prime position in the heart of the Merchant City licensed circuit and immediately adjacent to the new £300 million Candleriggs Quarter development.

This is a superb opportunity for a branded corporate bar/restaurant, benefitting from an extensive Candleriggs frontage with significant external seating, ground and 1sft floor trading areas, extensive internal courtyard seating area combining to create capacity for in excess of 250 covers.

CURRENT ACCOMMODATION

The premises are currently fitted as a bar/restaurant and are in a good condition throughout. There is ample service accommodation, including customer toilets and a commercial kitchen.

FLOOR AREAS

Gross Internal Areas:

Plus extensive external seating.

RATEABLE VALUE

The premises have a Rateable Value of £130,000. A new occupier will have the right to appeal the Rateable Value.

SERVICES

We understand that the premises are connected to all mains services, including water, electricity, gas and drainage.

PREMISES LICENCE

There is a premises licence in place. The premises licence permits the business to open from 11am to 3am, 7 nights per week. This is an older style licence, which will be of great benefit to an incoming tenant, providing a variety of options to operate as a bar, restaurant and club/venue.

TERMS

The premises have been placed on the market at Rental Offers Over £120,000 per annum.

EPC

The property has an EPC rating of G.

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