Glasgow is Scotland’s largest city with a population of 600,000 persons and is the UK’s largest retail centre after London. Glasgow is also one of Europe’s top 20 Financial Centres, with many company headquarters located in the city.
The subjects are situated on Sauchiehall Street, which is one of Glasgow’s prime licensed retail circuits. There are a substantial number of bars, restaurants and nightclubs situated within the immediate vicinity. In addition, there is substantial daytime trade, with many key business generators located nearby, including the Dental Hospital opposite, Glasgow Art School nearby, a high number of office occupiers, together with the main retailing pedestrianised section of Sauchiehall Street being only approximately 5 minutes’ walk.
There is no doubt that this is a prime trading location for a restaurant within the core city centre.
The subjects are arranged over the ground floor and part basement of a multi-storey stone constructed tenement building, under pitched roof. The premises benefit from a first class glazed and timber frontage directly onto Sauchiehall Street, which can be opened during the warmer summer months. Internally, the premises are fitted with a contemporary concept throughout and benefit from the high ceiling height.
We would summarise the accommodation as follows:
Attractive access directly from the front of Sauchiehall Street.
Attractive front bar/restaurant with timber bar servery, booth seating and loose timber tables and chairs. This area is able to accommodate approx. 20 covers.
Rear restaurant dining area with fixed back seating able to accommodate approx.. 22 persons.
Ladies and gent’s customer toilets, situated off the rear seating area.
Good sized fully fitted commercial kitchen, situated to the rear.
Store rooms arranged over the basement.
There is a premises licence in place regulated by the 2005 Licensing (Scotland) Act.
The property is connected to all mains services, including water, drainage and gas. There is a gas fired boiler, which fuels a wet led system and radiators within the main trading areas.
The subjects are entered in the valuation role with a current Rateable Value of £29,750. Rates payable are typically around half this figure. A new occupier will have a right to appeal the Rateable Value.
Malaga Tapas was previously leased out, although the most recent tenant has now vacated. However, the premises are hard fitted requiring some tables, chairs and kitchen kit.
The premises, therefore, can reopen quickly with a minimum refurbishment to rebrand.
The property is available on a new lease with a minimum term of 15 years. The lease will be on a tenants full repairing and insuring basis, with 5 yearly Rent Reviews. The premises are free from any brewery/trade tie.
Rental Offers Over £30,000 per annum are invited for the benefit of a new lease in the premises. A rental deposit will be required.
A copy of the Energy Performance Certificate is available on request. The premises has a Category F rating.
Please contact the sole selling agents for additional information. Former Malaga Tapas, Glasgow
Designed & built by Mucky Puddle