Greenock is situated on the south side of the Firth of Clyde and lies only 30 minutes’ drive from Glasgow city centre. The town benefits from excellent communication links via the MI/A8. The population of Greenock is approximately 45,500 persons.
Greenock’s history is closely linked with the engineering and shipbuilding industries. More recently, however, the town has expanded considerably with numerous developments, which have regenerated the town, including the redevelopment of the harbour area, new retail facilities and substantial new housing/flats.
Specifically, the Papa’s Tapas Restaurant & Bar lies in a prominent trading position on Inverkip Road, which forms a busy arterial route leading through Greenock town centre. The premises lie only seconds walk from the Oak Mall Shopping Centre, which is the main shopping thoroughfare serving the town.
Papa’s Tapas Restaurant & Bar is arranged over the ground floor of a traditional sandstone tenement building. The premises benefit from a substantial frontage and two dedicated entrances leading into the restaurant and bar.
Internally, the premises have been fully refurbished and are in a first class “walk-in” condition.
The accommodation internally is as follows:
The restaurant benefits from contemporary decorations and accommodates seating for approximately 40 persons. There is a dedicated bar servery. The restaurant benefits from ladies, gents and accessible toilets and has a separate external access.
Interconnected via an internal corridor from the bar, although there is a separate external access from the front. The bar is attractively decorated in a contemporary theme. There is a timber bar servery and seating for approximately 36 persons. There are dedicated ladies and gent’s toilets situated to the rear of the bar.
Includes a fully fitted commercial kitchen, beer cellar and stores.
The subjects are entered in the valuation roll with a Rateable Value of £18,750. Rates payable will be approximately half this figure. A new occupier will have the right to appeal the Rateable Value.
The premises are connected to all mains services, including water, electricity, gas and drainage.
There is a premises licence in place.
The premises are currently occupied, although vacant possession will be provided to the new tenant. Decorations are in a good condition throughout and the premises are fully fitted and equipped.
Our clients are seeking a new tenant for the premises. The unit is available on a free of tie lease, the general terms of which are negotiable. The asking rental is set at a low level to attract a good quality tenant. The property is ideally suited to a chef proprietor/owner operator.
Given the location of the premises and good condition, we have no doubt that an incoming tenant can develop a quality restaurant business.
Our clients are offering a new lease at a £Nil Premium. Rental offers over £17,500 per annum are sought for the benefit of a new long term lease. A tenant deposit of at least 6 months will be required from an incoming tenant.
An outright sale may be considered.
The premises have an Energy Performance Certificate rating of E. The EPC will be made available to interested parties.
Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.
Designed & built by Mucky Puddle