Restaurants for sale in Glasgow

View the "Large Licensed Restaurant & Function Complex, Glasgow City Centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Large Licensed Restaurant & Function Complex, Glasgow City Centre

Glasgow, Glasgow City, Scotland

  • Leasehold Price: £150,000
Seller Reference: 2589
Request DetailsEmail email
Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 2589
Request Details
Business Description
This is a superb opportunity to acquire the leasehold interest in an entire 3 storey licensed restaurant and function suite complex in the heart of Glasgow city centre.

Ground floor restaurant with 55 covers, first floor additional seating for a further 55 covers and additional kitchen, second floor function suite for 70 covers and own bar and toilets.

Full public house premises licence.

Long lease until 2032 but can be extended if required. The leasehold interest in the whole property is offered for sale.

Ideally located for the Royal Concert Hall, Pavilion Theatre, Theatre Royal and all the other nightlife and shopping that Glasgow’s Sauchiehall Street has to offer.

The property has a full public house licence, full class 3 hot food consent and commercial extraction from both the ground and first floor kitchens/cooking areas.

The main entrance is on the ground floor though there is a side entrance for access to the function suite. The ground floor restaurant area has space for 55 covers and extends to approximately 118m2 (1,246sqft). See 2nd photo down opposite. First and second floors are accessed either through the
ground floor restaurant or by a separate entrance to the right of the main ground floor door.

The first floor is currently a large bright spacious dining area with full commercial open kitchen and bar. It has space for over 55 covers. See 3rd photo down opposite.

Second floor has a similar in layout to first floor and is used as a function room for private parties and can seat up to 70. First and second floors are of similar area to the ground floor. All floors have ladies and gents toilets.

Business (excluding name), leasehold interest, equipment, fixtures & fittings for sale at offers over £150,000.
Tenure:
Leasehold
Location Details:
261-263 Hope Street is a fully licensed restaurant and function suite complex spanning all 3 floors of this city centre property.
Leasehold Term:
Leasehold. Annual rent for the entire property is £64,000 of which the ground floor accounts for £44,000. The lease runs until 2032 but can be extended if required. The rateable value for ground floor is £28,500 and for the combined first and second floors is £29,750.
Downloadable Documents:
Listed by:
Request Details

Find out more about this business opportunity.

* REQUIRED

Note: Please select your full postcode from address menu

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder image
loder image