Description

Location

Merchant Square is a historic building which forms part of Glasgow’s Old Fruit Market and lies in the heart of the Merchant City. The square now provides a destination venue for eating, drinking and entertainment. There are a number of highly successful businesses situated within the square including Metropolitan, Bar Soba, the Beer Café, Monterey Jacks and O’Neill’s Public House. In addition, there is a basement entertainment user including Escape Rooms, NQ64 Arcade and One Under indoor golf.

Candleriggs Square, a new £300 million development is under construction virtually across from Merchant Square. Construction of the 215,000 square feet, 500-bed student hotel will complete in the summer of 2023, whilst a 346-apartment build-to-rent scheme will complete in 2024.

Specifically, the former Steak Cattle and Roll unit is situated within the heart of the centre, benefitting from an external access from Bell Street and internal seating within the main square.

Description

The restaurant is arranged over ground, basement and mezzanine floors. The main trading area is arranged at ground level with dual access from Bell Street and the main square.

Accommodation

We would summarise the accommodation as follows:

Main Bar/Restaurant

Attractive contemporary restaurant, with bar servery set to one side. Seating is provided from loose timber tables and chairs for approximately 40 persons, although there is significant room for more. There is an attractive timber framed frontage with virtually fully height glazing overlooking the balcony seating area.

Courtyard Seating

Main restaurant seating area. There is a mix of booth and loosetables which can accommodate approximately 80 persons.

Kitchen

Fully fitted commercial kitchen with call service hatch to bar.

Customer Toilets

Ladies and gent’s toilets situated in the basement with stair access from the ground floor bar. There is an accessible toilet within the ground floor bar.

Kitchen

There is a single kitchen, fully fitted with commercial catering equipment, which serves each of the trading areas.

Mezz Seating

Accessed from bar with mix of booth and loose tables which can accommodate approximately 30 persons.

Cellar & Other

Basement cellar and stores.

Rateable Value

The rateable value of the restaurant is £46,750.  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.

Licence

There is a premises licence in place. The premises licence will be transferred to a new tenant.

The Opportunity

The restaurant is in excellent condition and is fully fitted including tables and chairs and kitchen equipment, ready for immediate occupation. This is a fantastic opportunity for a new tenant to create a theme and concept to compliment the other licensed occupiers within the square and develop a first class profitable business.

The Terms

The premises are being placed on the market at rental offers over £65,000 per annum. A premium payment will be required to cover the costs of the current fit out/trading inventory.  The lease will be on a standard commercial basis, proposed at a term of at least 10 years with regular rent reviews. A rental deposit may be required dependent on the coven at strength of the proposed tenant company.

EPC

The premises have an EPC rating of G.

Viewing & Further Information

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

Viewing - Strictly by appointment

For an appointment to view, please contact:

Sharon McIntosh

E: sharon.mcintosh@cdlh.co.uk

T: 0141 331 0650 (Option 1/1)

M: 07824 395 288

For further information, please contact:

Peter Darroch

E: peter.darroch@cdlh.co.uk

M: 07901 001 311

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

• Steak, Cattle & Roll

  

Dataroom

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