Description

Location

The property is situated at Bearsden Cross, an affluent suburb of Glasgow, approximately 6 miles northwest of the city centre. Bearsden and Milngavie combined, have a population of over 40,000 persons, and there is a limited number of licensed premises serving that population.

Specifically, the subjects are situated in a parade of retail units, on New Kirk Road, in the middle of three town centre car parks.  Other retailers include a Marks & Spencer food store and a large number of private retailers.

Description

The subject property is formed within the ground floor of a two storey sandstone traditional tenement building with a modern, single store extension to the rear, both under pitched, slate clad roofs.

The upper floors are in separate ownership.

Accommodation

The accommodation at ground floor level, which extends to approximately 145 sq. m. (1,500 sq. ft.), is as follows:

Restaurant

The restaurant has potential for approximately 52 covers.

Kitchen

The large kitchen is partly fitted.

Customer Toilets

Male and female customer toilets.

Ancillary Accommodation

Walk in fridge, wine cellar, manager’s office, storeroom and dry goods store.

Note – Whilst partly fitted, the equipment is dated, and there are no warranties as to the working order.

Rateable Value

The premises have a Rateable Value of £26,250 effective from 1st April 2023. Rates payable will be approximately half this figure. A new occupier will have the right to appeal the Rateable Value.

Services

We understand that the premises are connected to all mains services. There is gas fired central heating system.

Premises Licence

We understand there is a premises licence in place under the Licensing (Scotland) Act 2005.

The Opportunity

We understand the premises have traded as a restaurant for over 40 years but closed in May 2023. The opportunity exists for a good quality operator to create an excellent business at the heart of the Bearsden community

Lease & Premium

The premises are held on a sub-lease. An informal agreement has been reached between the landlord and tenant for the existing tenant to relinquish their sub lease and a new lease will be created over the property. This is subject to a suitable tenant on suitable terms.

Offers Over £30,000 per annum are invited for the benefit of a new lease. It is anticipated the new lease will be for a period of 15 years, with rent reviews at 5 yearly intervals. The lease will be on a tenant full repairing and insuring basis.

EPC

Available on request.

Viewing & Further Information

Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.

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