Description

LOCATION

The subjects are located in a highly desirable trading location, within Glasgow’s West End. Glasgow has vibrant student, retail and leisure sectors and is regarded as the UK’s most popular licensed and retail destination outside of London. Glasgow’s popularity for leisure and tourism has continued to expand in recent years, with major developments, including the opening of the SEC Hydro arena, providing a world class venue for large scale events, conferences and gigs. The west end of Glasgow also benefits from its affluent location, high value residential properties and Glasgow University.

Specifically, the subjects are located on Dumbarton Road, in the core of the West End, immediately off Byres Road. Kelvinhall Subway station is situated opposite. 

There are substantial new student flat developments in the immediate vicinity seconds walk from the subject property. These include the new West Village and the Dunaskin developments. 

The location benefits from being in a high footfall area and prominent visibility off a busy through road.

DESCRIPTION & ACCOMMODATION 

The subjects are the whole of the fenced development site including the fenced bin store area. The bin area will be relocated to its previous location to the roof of the new building. 

PLANNING

Planning consent was granted on the 22nd October 2022 for the erection of a new restaurant.. The planning application reference number is 21/01962/FUL.  The full application can be gained by visiting Glasgow Council Planning portal or provided on request. The consent was for an approximately 110.45 sq. m. (1,189 sq. ft.) single storey building, with window frontage, two access doors and a mezzanine. 

RATES

Previously, the property on the site formed part of a licensed restaurant, with a Rateable Value below the rates threshold and rates exempt.  The Rateable Value of the property will be re-assessed and ready to trade, dependent on use etc.

THE OPPORTUNITY 

This is a fantastic opportunity to construct and develop a great commercial premise in prominent and highly visible West End location.

THE PRICE 

Offers over £95,000 are sought for the purchase of the heritable development site.

LEGAL COSTS 

Each party will be responsible for their own legal costs with the ingoing tenant responsible for Stamp Duty, Land Tax and Registration Fees. 

VAT

Unless otherwise stated all commercial terms quoted are exclusive of VAT and taxes.

EPC RATING 

The premises are classified as a development property and, as such, no EPC is required.

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 on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.

ADDITIONAL INFORMATION 

For further information, please contact the Glasgow office on 0141 331 0650.

Floor Plans

• Dumbarton Road Restaurant Plans

  

  

Dataroom

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