The subjects are situated in an excellent trading position on Candleriggs, within the heart of the Merchant City. Merchant City itself now provides a prime licensed and residential area, serving the city centre. The premises lie only approximately 5-10 minutes’ walk from George Square, Queen Street Station and Buchanan Street, the prime retailing thoroughfare of the city centre.
Significant new development has taken place in the immediate vicinity. This includes the £90 million Strathclyde University Technology and Innovation Headquarters and the new Drum and Stamford Property Investment on the site immediately opposite the subjects, which is planned for an approximately 850,000 sq. ft. development of residential, student, hotel and commercial space.
There is no doubt that this is a prime trading location within the city centre for a bar/restaurant.
The premises are arranged over the ground floor of a multi-storey building. The premises have a bar, restaurant area, open cooking area and kitchen with extraction. There is frontage and pavement seating onto Candleriggs. We estimate that the ground floor extends to 3,760 sq. ft. (349 sq. m.).
The accommodation internally is as follows:
Accessed directly from the front, off Candleriggs with pavement seating, large glazed frontage with double access doors and sliding aluminium doors.
Large bar/restaurant, hard fitted in an industrial style able with bar servery, able to accommodate 60-70 persons. Further seating area, open to former pizza cooking area, able to accommodate approx. 30 persons.
Former open cooking area for pizzas. The cooking area could also be converted to provide additional covers depending on style and concept.
Kitchen with metal canopy extraction, unequipped.
Ladies, gents and accessible customer toilet. The customer toilets are tiled and are in a good modern condition.
Staff Change, beer chill room and plant room/store.
Pavement seating area to the front. Bin store and service area to the rear.
There is a premises licence in place.
The Rateable Value of the restaurant is £51,000. A new occupier will have the right to appeal the Rateable Value.
We understand that the premises are connected to all mains services, including water, electricity, gas and drainage. There are heating/air conditioning units.
The property provides a fantastic opportunity to develop a great bar & restaurant business in the heart of the poplar Merchant City area of Glasgow city centre. The subjects are unequipped, providing a great canvas ready for fit-out and branding.
The unit is available by way of a new long-term lease. The lease will be of a standard commercial nature with 5 yearly rent reviews. A rental deposit is required.
The premises have an EPC rating of G. A copy of the EPC can be provided to interested parties.
Additional information including floor plans are available on request. Please contact the joint selling agents to arrange access.
Designed & built by Mucky Puddle