The former Bath Street Burger is situated in a superb trading location within the core city centre with high footfall and passing trade. The premises lie only approximately 100 yards from the retail thoroughfare of Buchanan Street and the substantial Buchanan Galleries Shopping Centre. The surrounding area provides some of the highest rental rates for retail properties within the United Kingdom.
In addition, the premises also lie close to the main office areas of the city centre and also benefit from being situated only a short walking distance from Buchanan Bus Station, Queen Street Station and Central Station. There is no doubt that this is a prime city centre trading location.
The premises are arranged over the ground floor and basement of a multi-storey city centre building. The premises have recently been extensively refurbished and are in a first class walk-in condition throughout.
There is a substantial full glazed frontage and customer access doorway to the main trading areas.
Seating for approximately 40 covers, bar servery and fully fitted kitchen to the rear. In addition, there are customer toilets situated to the rear and service areas over the basement.
The floor areas are as follows:
106.2 sq. m. (1143.4 sq. ft.)
86.9 sq. m. (935.1 sq. ft.)
193.1 sq. m. (2078.5 sq. ft.)
There is a premises licence in place. The landlord will retain the premises licence and the tenant will provide the nominated Designated Premises Manager.
The Rateable Value is £28,500. A new occupier will have the right to appeal the Rateable Value.
The property is connected to all mains services, including water, electricity, gas and drainage.
The premises are currently subject to a lease agreement, which is due to expire on the 27th May 2035. The passing rent is £43,500 per annum. However, the landlord has agreed to reduce the rental to £30,000 per annum, which will also be the agreed rental at the next rent review due on 28th May 2020.
The full lease document will be provided to seriously interested parties.
Our clients recently undertook a full and extensive refurbishment of the premises as Bath Street Burger. The premises, therefore, are in a first class walk-in condition throughout.
Whilst the business, operated under management and generated a reasonable level of sales, the property is more suited to a private individual, who would own and operate the business direct. Our clients have multiple licensed businesses and have chosen to sell their interest to concentrate on their larger estate.
This provides a licensed operator a superb opportunity to acquire a full fitted and equipped property, which requires minimal expenditure to rebrand and reopen. This is a first class opportunity for a private individual, in particular, to work within and develop a profitable business.
Premium offers over £45,000 are invited for the benefit of the leasehold interest, to include the restaurant fit-out and all fixtures and fittings.
The premises has an EPC rating of G.
For further information or to arrange a viewing, please contact Kevin Hunter at the Glasgow office on 0141 331 0650.
Designed & built by Mucky Puddle