Description

LOCATION

Michaelangelo’s is situated in a prime trading location, in the heart of Clarkston, which is a highly affluent, densely populated residential area, serving the southside of Glasgow. The premises benefit from excellent communication links, with Clarkston Railway Station situated nearby, and regular bus routes linking into Glasgow City Centre, which lies approximately 5 miles to the north.

Specifically, Michaelangelo’s is situated close to the core centre, immediately adjacent to Clarkston Toll itself. There is ample on street car parking available, as well as a large, shared car park adjacent to Clarkston Library. There is also a multi-storey car park situated adjacent, above the retail units.

Local amenities include the highly rated Williamwood High School, substantial retail facilities and other bars/restaurants, all of which have assisted in creating a popular residential locale.

DESCRIPTION

Michaelangelo’s is arranged over the ground floor, within a single storey and attic building, under pitched roofs, clad externally in concrete tiles.

The premises benefit from an attractive glazed frontage and access door directly onto Busby Road.

ACCOMMODATION

Access

The premises are accessed directly from the front. This leads into an enclosed entrance vestibule and, thereafter, the main trading restaurant. There is a virtually full height glazed frontage, providing good quality natural light.

Restaurant

There is a reception counter situated to the front. Open plan area, which opens out extensively to the rear. There is seating for approximately 48 persons, generally from loose tables and chairs, although there is also an attractive booth seating area. A full bar servery is set to the rear, which has an attractive mirrored and timber gantry. The restaurant is fitted with contemporary decorations throughout and benefits from a high ceiling, providing a highly attractive ambience.

Kitchen

Full commercial kitchen, with commercial extraction. The kitchen has a general cooking and preparation area. To the side is a wash area.

Kitchen Store/Prep

Situated off the kitchen is a separate store and prep area. In addition, there is a further dry store.

Customer Toilets

Ladies and gent’s customer toilets situated to the rear.

RATEABLE VALUE

The premises have a Rateable Value of £21,000 effective from 1st April 2023.

SERVICES

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

a ceiling mounted ventilation system.

PREMISES LICENCE

There is a premises licence in place, regulated under the 2005 Licensing (Scotland) Act.

THE LEASE

The premises are currently subject to a lease agreement. The current rental is £28,300 per annum. The landlord is agreeable to increasing the remaining term of the lease to 10 years (or longer).

THE BUSINESS

The premises originally traded as Boni’s Café and were substantially refurbished and reconfigured into Michaelangelo’s Restaurant around 2014. In today’s terms, the equivalent cost of the original fit-out is estimated in the region of £175,000. The business benefitted from a high level of revenue in the region of £12,000 per week.

Due to changing market conditions, the revenues have decreased over the last few years. Nonetheless, this is an excellent opportunity for a private publican or restauranteur to develop their own business within a highly affluent area. We have no doubt that with a fresh concept, utilising the existing quality fit-out, the premises can return a high profit to a new owner.

PRICING

The premises have been placed on the market at premium offers  over £39,000 for the benefit of the existing lease agreement. The price is inclusive of all fixtures and fittings/trading inventory.

EPC

The property has an EPC rating of E.

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