Restaurants for sale in Glasgow

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Adam Warren (Jan 2017)
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Leasehold Price: £150,000
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Business Description
This is a superb opportunity to acquire the leasehold interest in an entire 3 storey licensed restaurant and takeaway complex in the heart of Glasgow city centre.

Ground floor takeaway and restaurant with 55 covers. First floor restaurant with own access with 55 covers. Second floor function suite or additional seating for 70 covers.

Full public house premises licence.

Long lease until 2032 but can be extended if required.
Tenure: Leasehold

Location Details:
261-263 Hope Street is a fully licensed restaurant and takeaway complex spanning all 3 floors of this city centre property.

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 ground floor which has its own main door access currently comprises a takeaway fish & chip shop with separate sit-in restaurant area with space for
55 covers. The ground floor extends to approximately 118m2 (1,246sqft).

First and second floors are accessed by a separate entrance to the right of the ground floor door. The first floor is currently a large bright spacious restaurant with full commercial open kitchen and bar. It has space for over 55 covers. See photos opposite.
The second floor is similar in layout to the first floor and is current used as a function room for private parties and can seat up to 70.

The first and second floors are of a similar area to the ground floor. All floors have ladies and gents toilets.

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. The leasehold interest is being sold without the current trading names.The new tenant will have to rebrand the businesses. The sale price includes all equipment, fixtures and fittings. Financial information can be made available to serious interested parties after viewing.

Listed by: The Business Sales Agency

Find out more about this business opportunity.

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Seller Reference:
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