Description

LOCATION

The Leven Valley is located within the Great Western Retail Park, a highly successful retail park to the west of Glasgow City Centre. The park is anchored by B&Q, Sainsbury, and the recently developed Range. Other occupiers include Burger King, McDonalds, KFC, and Starbucks. The property is adjacent to the Mecca Bingo Hall and Gregg’s drive through.

This is a highly accessible location, surrounded by a mix of local authority, former local authority, and private housing, providing a large customer base.

The site has its own dedicated car parking, although this forms part of an extensive general parking area.

DESCRIPTION

The Leven Valley is a relatively modern building, with a traditional design, being generally a single-storey building, under pitched and slated roofs, although one area includes a first floor where there are two flats. Externally, the site includes a children’s play area, external beer garden and extensive car parking.

ACCOMMODATION SPECIFICS

The estimated Gross External Floor Area for ground floor only (excludes the first-floor flats) is 745 sq. m. (8,019 sq. ft.).

GROUND FLOOR

Dining Areas

There is a large family dining area with carvery and a popular sports bar area. There is an attractively fitted bar servery, and seating is generally divided into zones. We estimate there is seating for approximately 160 persons in the main bar and dining areas. There is a carvery area and pizza bar in the main restaurant area.

Private Dining/Games Room

There is a private dining area.. This is currently used as a games room with pool table. At present there is seating for 50 to 60 persons.

Former Playroom

There is a large former children’s playroom, which is no longer in use and could provide a dedicated function facility, subject to planning and landlord’s consent.

Commercial Kitchen

Extensive commercial kitchen, fully fitted with commercial catering equipment and walk in freezer and chill. There is a carvery area and pizza bar in the main restaurant area.

Ancillary Accommodation

There are two sets of ladies and gent’s toilets, accessible toilet, storage, and the main beer cellar.

FIRST FLOOR

Two Flats

There is a studio flat and a separate 3-bedroom flat.  Note the 3-bedroom flat is unoccupied and in need of refurbishment.

EXTERNAL

Beer Garden

Two beer garden areas to the front.

Car Park

There is an extensive dedicated car parking area, although the car park itself forms part of shared parking facilities.

SERVICES

The property is connected to all mains services, including gas, water, electricity, and drainage. There is a central heating system.

RATEABLE VALUE

The subjects are entered in the valuation role with a current Rateable Value of £55,800, from 1st April 2023.  A new occupier has the right to appeal the Rateable Value.

PREMISES LICENCE

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

THE OPPORTUNITY & CURRENT TRADE

The Leven Valley is operated under management by Mitchells and Butlers and is a popular Stone House Pizza restaurant and carvery. Annual sales are £629,200 net of VAT, split 42% wet and 58% food/ancillary. The bar area is a popular local. This is an extensive property, which offers real potential to an incoming tenant to rebrand and stamp their own identity on the operation.

This is a high-volume location for passing trade and numerous opportunities to alter the business profile to capitalise on current food and beverage trends.

RENTAL OFFERS AND THE LEASE

A long-term lease is available at a rental of £50,000 per annum. The lease will be on a tenant full repairing and insuring basis and includes rent reviews at 5 yearly intervals. Premium offers over £27,500 are sought, to include ownership of all tenant fixtures, fittings, and catering equipment.

SALE

Our clients are seeking offers for the sale of the Heritable property for either use as a going concern or may consider offers for alternative use.

EPC

A copy of the Energy Performance Certificate is available on request.

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

• Layout Plan

  

  

Dataroom

There are no property datarooms available