Description

LOCATION

Glasgow has a vibrant commercial economy and has seen considerable investment in the core city centre over the last few years. Custom is available from many business drivers within the immediate area, including office workers, shoppers, students and trade from the extremely popular OVO Hydro and Scottish Event Campus.

Specifically, the premises are situated on the west end of Sauchiehall Street, within an established licensed circuit, serving the core city centre. There are a number of other licensed premises situated within the immediate vicinity, including The Garage, Nice N Sleazy, Broadcast, Firewater and Mango in the Box, all of which operate as venues/nightclubs.

There is no doubt that this is a popular licensed circuit, particularly for the young professional and student sectors.

DESCRIPTION

The premises are arranged over the ground floor of a multi-storey modern building. The premises benefit from a high, full glazed frontage onto Sauchiehall Street, with a central access door leading into the main trading areas. The extensive frontage provides excellent natural light internally. 

Internally, the premises are fitted with a large open bar area to the front and significant service accommodation to the rear.  We would estimate that the premises extend to a gross internal area over the ground floor of 482.07 sq. m. (5,189 sq. ft.)

ACCOMMODATION SPECIFICS

Internally, the accommodation is as follows:

Access

The premises are accessed directly from the front, off Sauchiehall Street.

Main Bar

The main bar provides a large trading area. There are attractive seating areas situated to the front, immediately adjacent to the frontage. There is a games area and raised seating area to either side of the central bar. To the rear is a bar servery. We would estimate seating for approximately 125 persons.

Service Areas

Services areas include ladies, gents and accessible toilets, a large fully fitted commercial kitchen, extensive stores and cellarage. In addition, there is roller shutter access for deliveries to the rear lane and basement parking for staff by separate arrangement.

RATEABLE VALUE

The premises have a Rateable Value of £48,000, effective from 1st April 2023. A new tenant will have the right to appeal the Rateable Value.

SERVICES

We understand that the property is connected to all mains services, including water, electricity, gas and drainage.

PREMISES LICENCE

There is a premises licence in place. A copy of the premise licence will be provided to seriously interested parties.

THE OPPORTUNITY

The hall provides a large trading public house, situated within a popular licensed circuit. The premises would be ideal to continue as a public house or, alternatively, could be adapted to a café bar, providing more food offer, a restaurant or, indeed, a venue business. The premises are in good condition throughout, and an incoming tenant will benefit from the full fit-out, at a NIL PREMIUM.

The premises were previously operated by Stonegate Pub Company. No trading information is available, given that the premises were previously leased out.

RENTAL OFFERS AND THE LEASE

The premises have been made available on the market for lease, at Rental Offers Over £75,000 per annum. There is a NIL PREMIIUM payment.

The anticipated lease terms will be for a period of 10-15 years, with rent reviews at 5 yearly intervals. These terms are flexible and subject to negotiation. The lease will be on a standard institutional tenants full repairing and insuring basis, which will not be unduly onerous on either the landlord or the tenant.

EPC

The property has an EPC rating of E.

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