Former So L.A. Bar/Restaurant & Function Venue, Glasgow - Leasehold Closing Date 22.11.19

43 Mitchell Street,
G1 3LN

Rent

£67,500 p.a.


Type

Restaurants

City

Glasgow

Tenure

Leasehold

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  • Description

    Location

    Glasgow has a vibrant leisure and hospitality sector and the subjects are located in the heart of Glasgow City Centre. Mitchell Street connects from Argyle Street to Gordon Street, benefits from close proximity to Glasgow Central Station and the main licensed circuits.

    The location benefits from the city centre transport links and night taxi ranks nearby. There are a number of bar, restaurant and nightclub premises a short walk away, as well as the prime retail and office districts. The subjects are located immediately to the rear of Frasers department store, adjacent to Tingle shooter bar and the Lychee restaurant. Franca Manca & Sugo Pasta are also opening soon on Mitchell Street making it one of the best up and coming trading locations in Glasgow.

    Description

    The subjects are formed over the ground floor and basement of an eleven storey, modern constructed building. The subjects are accessed directly from Mitchell Street and have a virtual full height glazed frontage and provide a licensed bar/restaurant with basement level venue.

    Accommodation

    The accommodation is as follows:

    GROUND FLOOR

    Entrance & Trading Area

    Glazed frontage and entrance vestibule. Walkway and reception/serving desk. Large open plan restaurant area able to accommodate approximately 70 persons. There is a large, attractive timber clad bar servery and gantry.

    Kitchen

    Large commercial kitchen off the trading area, with metal canopy extraction, food hoist and wash up. The kitchen is generally unequipped.

    Accessible Customer Toilet

    Cleaners Store and Staff Toilet

    BASEMENT

    Quality Connecting Customer Staircase

    Attractive Lobby with Lift

    Venue/Function Room

    Open plan function space able to accommodate approximately 150 persons with dedicated bar.

    Customer Toilets

    Recently installed/refurbished, good quality ladies, gents and accessible customer toilets.

    Manager’s Office

    Preparation/Service Kitchen

    With walk-in fridge/freezer and food hoist.

    Beer Cellar

    Fire Escape

    Licence

    There is a premises license in place under the 2005 licensing Scotland Act. The premises has a 1 a.m. licence, seven days a week.

    Rates

    The Rateable Value is £53,000. A new occupier will have the right to appeal the Rateable Value.

    Services

    The property is connected to the mains water, gas, electricity and drainage. There is a boiler and water tank. In addition, there are ceiling mounted heating/air conditioning units to the ground and basement levels. Recent fire safety works have been undertaken to meet current regulations.

    The Lease Terms & Rental

    A new standard FRI lease will be put in place. The lease will be of a standard commercial nature and the salient terms will be as follows:

    Rent:As Advertised
    Term:15 years to 25 years
    Review Period:3 yearly
    Deposit:Rental deposit required

    The Opportunity

    This provides a unique first class licensed opportunity in the heart of Glasgow City Centre. The subjects offer a fantastic bar/restaurant and function/venue space, finished to a very high standard and ready for a new operator to implement their own concept and offering.

    The premises benefit from significant recent investment, which includes creation of the basement space, lift installation and other works.

    This provides an experienced operator a unique and exciting licensed opportunity. There may be scope to increase the current licensing hours and offering (subject to consent).

    EPC

    The premises has an EPC rating of D.

    Viewing & Further Information

    For further information or to arrange a viewing, please contact Kevin Hunter at the Glasgow office on 0141 331 0650


  • Floor Plans

    • Floor Plans for So L.A.

  • Dataroom

    There are no property datarooms available

  • Description

    Location

    Glasgow has a vibrant leisure and hospitality sector and the subjects are located in the heart of Glasgow City Centre. Mitchell Street connects from Argyle Street to Gordon Street, benefits from close proximity to Glasgow Central Station and the main licensed circuits.

    The location benefits from the city centre transport links and night taxi ranks nearby. There are a number of bar, restaurant and nightclub premises a short walk away, as well as the prime retail and office districts. The subjects are located immediately to the rear of Frasers department store, adjacent to Tingle shooter bar and the Lychee restaurant. Franca Manca & Sugo Pasta are also opening soon on Mitchell Street making it one of the best up and coming trading locations in Glasgow.

    Description

    The subjects are formed over the ground floor and basement of an eleven storey, modern constructed building. The subjects are accessed directly from Mitchell Street and have a virtual full height glazed frontage and provide a licensed bar/restaurant with basement level venue.

    Accommodation

    The accommodation is as follows:

    GROUND FLOOR

    Entrance & Trading Area

    Glazed frontage and entrance vestibule. Walkway and reception/serving desk. Large open plan restaurant area able to accommodate approximately 70 persons. There is a large, attractive timber clad bar servery and gantry.

    Kitchen

    Large commercial kitchen off the trading area, with metal canopy extraction, food hoist and wash up. The kitchen is generally unequipped.

    Accessible Customer Toilet

    Cleaners Store and Staff Toilet

    BASEMENT

    Quality Connecting Customer Staircase

    Attractive Lobby with Lift

    Venue/Function Room

    Open plan function space able to accommodate approximately 150 persons with dedicated bar.

    Customer Toilets

    Recently installed/refurbished, good quality ladies, gents and accessible customer toilets.

    Manager’s Office

    Preparation/Service Kitchen

    With walk-in fridge/freezer and food hoist.

    Beer Cellar

    Fire Escape

    Licence

    There is a premises license in place under the 2005 licensing Scotland Act. The premises has a 1 a.m. licence, seven days a week.

    Rates

    The Rateable Value is £53,000. A new occupier will have the right to appeal the Rateable Value.

    Services

    The property is connected to the mains water, gas, electricity and drainage. There is a boiler and water tank. In addition, there are ceiling mounted heating/air conditioning units to the ground and basement levels. Recent fire safety works have been undertaken to meet current regulations.

    The Lease Terms & Rental

    A new standard FRI lease will be put in place. The lease will be of a standard commercial nature and the salient terms will be as follows:

    Rent:As Advertised
    Term:15 years to 25 years
    Review Period:3 yearly
    Deposit:Rental deposit required

    The Opportunity

    This provides a unique first class licensed opportunity in the heart of Glasgow City Centre. The subjects offer a fantastic bar/restaurant and function/venue space, finished to a very high standard and ready for a new operator to implement their own concept and offering.

    The premises benefit from significant recent investment, which includes creation of the basement space, lift installation and other works.

    This provides an experienced operator a unique and exciting licensed opportunity. There may be scope to increase the current licensing hours and offering (subject to consent).

    EPC

    The premises has an EPC rating of D.

    Viewing & Further Information

    For further information or to arrange a viewing, please contact Kevin Hunter at the Glasgow office on 0141 331 0650


  • Floor Plans
    • Floor Plans for So L.A.

  • Dataroom

    There are no property datarooms available


Designed & built by Mucky Puddle

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