Description

LOCATION

Pickled Ginger is situated on St Vincent Street, a busy main through road from the city centre to the West End. Specifically, the subjects lie in the Finnieston area of Glasgow, approximately one mile (15 minutes’ walk) from both the city centre and west end. Nearby income generators will include office parks, the Scottish Exhibition Centre and the OVO Hydro. The surrounding area is densely populated and is a desirable and accessible location for a destination led restaurant premises.

DESCRIPTION

The subjects are arranged over the ground floor of a traditional sandstone tenement building. The upper floors are in use as residential flats.

ACCOMMODATION

The internal accommodation is as follows:

Main Trading Area

Contemporary bar/restaurant area, accommodating approximately 40 persons, with quality bar servery and gantry.

Customer Toilets

Accessible, ladies and gents customer toilets.

Commercial Kitchen

Fitted kitchen with commercial extraction.

Ancillary Accommodation

Beer chill room and ancillary storage.

SERVICES

We understand there is a gas fired heating system and that the property is connected to all mains services including water, electricity, gas and drainage.

RATEABLE VALUE

The premises have a Rateable Value of £36,000 from 1st April 2026. The new tenant will have the right to appeal the Rateable Value.

TRADING INFORMATION

The premises are owned by Rosemount Taverns and have historically been leased out. We are not in receipt of any trade information in relation to the business which can be relied upon by a prospective purchaser.  Purchasers, therefore, are to assess their own opinion of likely sales and profitability for the business.

PREMISES LICENCE

There is a premises licence in place, regulated under the 2005 Licensing (Scotland) Act. This will be held by the Landlord with the Tenant providing a designation on-site premises manager.

THE OPPORTUNITY

Pickled Ginger is currently trading as a restaurant premises. The subjects benefit from a recent refurbishment and provide a great opportunity for an operator to develop a profitable business conveniently located between close to the West End and the core city centre with key surrounding income generators. Available at low ingoing capital, in superb ready to trade condition.

RENTAL PRICE

The premises are available on a new 15 year commercial lease free of any trade/brewery tie at a rental of £27,500 per annum with 3 yearly rent reviews (RPI linked or to Open Market Rental Value, whichever is higher).  

A rent deposit will be required. There is a £Nil Premium.

The tenant will be required to purchase the inventory at a cost to be agreed on valuation.

EPC

The property has an EPC rating of G.

ANTI MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, came into force on the 26th June 2017. This now requires us to conduce due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available