The Koh I Noor, Glasgow - For Sale

235 North Street,
G3 7DL

Offers Over

£525,000


Type

Restaurants

City

Glasgow

Tenure

Heritable

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  • Description

    ICONIC LICENSED PREMISES. RARE HERITABLE SALE.

    LOCATION 

    The Koh-I-Noor is situated in a highly sought-after trading location, in a prominent position close to the core city centre and Finnieston. The premises are located on a popular licensed parade on North Street next to The Berkley Suite @ the Pawnbroker, Chinaskis, Five March and The Locale. Other licensed premises in the immediate area include Pedlar & Spice, Bon Accord and the Baby Grand. Other nearby income generators include The Kings Theatre, several large city centre hotels and the Park financial and residential district. Finnieston and the SECC are a short walk away as is Charing Cross railway station. This is a first-class trading location within an established licensed area. The subjects are ideally located to capture both midweek office and retail trade plus weekend trade from the city centre and west end.

    DESCRIPTION 

    The subjects are arranged over the ground floor and basement of a single storey building under a flat roof. The premises benefit from a large prominent frontage with customer entrance directly off North Street. There is a separate staff entrance to the front.

    ACCOMMODATION 

    The accommodation is summarised as follows:

    GROUND FLOOR 

    Bar & Restaurant 

    Bar area with servery and seating capacity for 30 persons, situated to the front leading through to the main restaurant to the rear, which can accommodate approx. 120 covers. The bar and restaurant areas are decorated in a traditional theme. The main trading areas are extensive and provide a purchaser with a great opportunity to create a first-class licensed venue.

    Kitchen 

    Good sized commercial kitchen with canopy extraction.

    Ancillary 

    Staff and store areas.

    BASEMENT

    Storage Area 

    Currently used as storage but could be refurbished as a function room.

    Customer Toilets 

    Male & female customer toilets.

    Ancillary

    Kitchen prep area, beer cellar, storage and staff change.

    AREAS 

    We assess the gross internal floor areas as follows:

    Ground Floor - 4,355 Sq. Ft

    Basement Level - 2,485 Sq. Ft.

    TOTAL - 6,840 Sq. Ft

    SERVICES

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

    RATES 

    The premises are entered in the Valuation Roll with a Rateable Value of £55,000, effective 1st April 2017. Rates payable will be approximately half of the rateable value and a new occupier has the right to appeal the rateable value. CDLH undertake rateable value appeals for licensed premises.

    PREMISES LICENCE 

    There premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005 which can transfer to the new owner.

    OPPORTUNITY 

    The Koh-I-Noor is an iconic premises and Glasgow’s first Indian restaurant, established in 1964. This is a great opportunity to purchase a well-known institutional licensed property. The premises would be ideal for continued licensed restaurant use or other licensed concept. The bar, restaurant and basement space provide large areas and fantastic scope to introduce a first class offer.

    ASKING PRICE 

    Offers Over £525,000 plus VAT, are invited for heritable (freehold) interest including fixtures and fittings.

    EPC 

    The premises have an EPC Rating – G. A copy of the EPC can be provided on request.

    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

    There are no property floorplans available

  • Dataroom

    There are no property datarooms available

  • Description

    ICONIC LICENSED PREMISES. RARE HERITABLE SALE.

    LOCATION 

    The Koh-I-Noor is situated in a highly sought-after trading location, in a prominent position close to the core city centre and Finnieston. The premises are located on a popular licensed parade on North Street next to The Berkley Suite @ the Pawnbroker, Chinaskis, Five March and The Locale. Other licensed premises in the immediate area include Pedlar & Spice, Bon Accord and the Baby Grand. Other nearby income generators include The Kings Theatre, several large city centre hotels and the Park financial and residential district. Finnieston and the SECC are a short walk away as is Charing Cross railway station. This is a first-class trading location within an established licensed area. The subjects are ideally located to capture both midweek office and retail trade plus weekend trade from the city centre and west end.

    DESCRIPTION 

    The subjects are arranged over the ground floor and basement of a single storey building under a flat roof. The premises benefit from a large prominent frontage with customer entrance directly off North Street. There is a separate staff entrance to the front.

    ACCOMMODATION 

    The accommodation is summarised as follows:

    GROUND FLOOR 

    Bar & Restaurant 

    Bar area with servery and seating capacity for 30 persons, situated to the front leading through to the main restaurant to the rear, which can accommodate approx. 120 covers. The bar and restaurant areas are decorated in a traditional theme. The main trading areas are extensive and provide a purchaser with a great opportunity to create a first-class licensed venue.

    Kitchen 

    Good sized commercial kitchen with canopy extraction.

    Ancillary 

    Staff and store areas.

    BASEMENT

    Storage Area 

    Currently used as storage but could be refurbished as a function room.

    Customer Toilets 

    Male & female customer toilets.

    Ancillary

    Kitchen prep area, beer cellar, storage and staff change.

    AREAS 

    We assess the gross internal floor areas as follows:

    Ground Floor - 4,355 Sq. Ft

    Basement Level - 2,485 Sq. Ft.

    TOTAL - 6,840 Sq. Ft

    SERVICES

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

    RATES 

    The premises are entered in the Valuation Roll with a Rateable Value of £55,000, effective 1st April 2017. Rates payable will be approximately half of the rateable value and a new occupier has the right to appeal the rateable value. CDLH undertake rateable value appeals for licensed premises.

    PREMISES LICENCE 

    There premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005 which can transfer to the new owner.

    OPPORTUNITY 

    The Koh-I-Noor is an iconic premises and Glasgow’s first Indian restaurant, established in 1964. This is a great opportunity to purchase a well-known institutional licensed property. The premises would be ideal for continued licensed restaurant use or other licensed concept. The bar, restaurant and basement space provide large areas and fantastic scope to introduce a first class offer.

    ASKING PRICE 

    Offers Over £525,000 plus VAT, are invited for heritable (freehold) interest including fixtures and fittings.

    EPC 

    The premises have an EPC Rating – G. A copy of the EPC can be provided on request.

    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

    There are no property floorplans available

  • Dataroom

    There are no property datarooms available


Designed & built by Mucky Puddle

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