Specifically, the subjects are located on Dumbarton Road, in the core of the West End, immediately off Byres Road. KelvinhallSubway 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.This adds to the already desirable trading location, providing real scope for business development and increased sales.There are very successful trading licensed businesses in the immediate vicinity including the Three Judges, Bag of Nails and Celino’s.
The subjects are formed over the ground floor of a multi storey tenement fronting Dumbarton Road. There is good frontage to Dumbarton Road. The restaurant historically included a rear extension. However,this was demolished for safety reasons. The owner has gained planning consent to rebuild the rear extension.
The premises for sale therefore include;
Front Restaurant Accessed directly from Dumbarton Road. Good sized trading area partly fitted but requiring a full refurbishment. This is a link to the rear of the front area to the proposed rear extension.
Previously in use as the extension to the front restaurant. This area has been demolished and is open land. However, planning permission has been gained to re-build the extension.
We estimate that the gross internal areas are as follows;
|Front Restaurant||48.38 sqm||521 sqft|
|Proposed Rear Restaurant||110.45 sqm||1189 sqft|
|Total||158.83 sqm||1710 sqft|
Planning consent was granted for re-building the rear extension on 24th June 2019. The planning application reference number is 19/00403/FUL. The full application can be gained by visiting Glasgow Council Planning portal.
The property has a premises licence in place which will be transferred to a purchaser.
The rateable value of the property is £8,500. The current rateable value falls below the rates threshold of £15,000 and therefore no rates will be payable. Please note the rateable value may increase after the development of the extension.
This is a fantastic opportunity to operate a rare heritable licensed business in a highly desirable West End trading location. The premises provide a blank canvass for an operator to develop their own brand and fit out.
Offers over £295,000 for the purchase of the heritable restaurant including land to rear which has planning permission for the construction of the extension.
Each party will be responsible for their own legal costs with the ingoing tenant responsible for Stamp Duty, Land Tax and Registration Fees.
Unless otherwise stated all commercial terms quoted are exclusive of VAT and taxes.
The premises are classified as a development property and, as such, no EPC is required.
Designed & built by Mucky Puddle