Description

LOCATION

The Sisters, Kelvingrove is located is located in the Kelvingrove & Finnieston district of Glasgow, in one of the most sought-after trading locations in Scotland.

Key income generators include the surrounding west end circuits, Glasgow University and the SSE hydro arena and SECC conference and events centre, all a short walk away.

Trade will also come from the highly affluent and desirable west end catchment area, in addition to a strong student and young professional demographic.

Adjacent surrounding occupiers include Mother India’s Café, the Ox & Finch, the Butcher’s Shop, the Finnieston Bar, Six by Nico and a number of other bar / restaurants and nearby hotels.

THE PROPERTY

Formed over the first floor / raised ground floor of a five-storey blonde sandstone tenement building, in a corner position with return frontage. There is a licensed premise over the separate lower ground floor and dwelling flats to the upper levels.

ACCOMMODATION

The accommodation is as follows:

Access

Stone staircase off Kelvingrove Street with attractive entrance and lobby leading into the premise.

Restaurant

Highly attractively restaurant area with first class fixtures, fittings and decorations. There are covers for approximately 50 persons including a private dining table for 8.

There is a further aperitif bar snug for 8 persons plus waiter station, servery plus bar gantry.

The subjects benefit from a recent refurbishment and is finished

to a high standard throughout.

Customer Toilets

Ladies and gents’ customer toilets.

Kitchen

Fully fitted commercial kitchen with commercial catering equipment and two extraction canopies. There is a wash up, walk-in fridge and hot plate servery to one side.

Ancillary Accommodation

Managers office, staff change and store.

LICENCE

There is a premises licence in place.

SERVICES

The property is connected to mains water, electricity, gas and drainage. Heating is from a central heating radiator system.

RATES

The Rateable Value of the property is £42,500. The rate poundage for 2019/20 is 0.49p, therefore the rates payable will be approximately just under half the Rateable Value.

A new occupier will have the right to appeal the Rateable Value.

THE TRADE & OPPORTUNITY

The Sisters restaurant has built a first-class reputation as a restaurant business.

Historic sales were in the region of £550,000 net of VAT. Recent sales have however dropped off, as the operator has had less of a direct involvement in the business. This is reflected in the asking price.

This is a great opportunity to lease or own a first-class restaurant business in a desirable and affluent Kelvingrove/Finnieston location.

The subjects are priced at an attractive price level. Accounting information will be made available to seriously interested parties after viewing only.

LEASEHOLD

The subjects are available to lease. A new lease is available at a premium price of offers over £50,000. This includes the benefit of a new, at least 15 year lease and ownership of the loose fixtures, fittings and equipment. The rent will be £40,000 per annum and on standard commercial terms. A rental deposit is required. Lease to Purchase terms may also be available.

SALE

The premises are available for sale. The purchase price is to include all trade fixtures and fittings. The premises have been placed on the market at offers over £450,000. Any stock will be additional and paid for at the date of entry.

ADDITIONAL INFORMATION

For further information please contact the Glasgow office on 0141 331 0650.

Viewing - Strictly by appointment

For an appointment to view or further information, please contact:

w:  cdlh.co.uk

t:   0141 331 0650

Kevin Hunter - kevin.hunter@cdlh.co.uk

Peter Darroch - peter.darroch@cdlh.co.uk

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available