Glasgow has a population of approximately 630,000 persons and a vibrant economy, particularly in the licensed and retail sectors, helped by a large student population from Glasgow University, Strathclyde University, Glasgow Caledonian University as well as a number of technical colleges. Glasgow is now one of the main entertainment/conference centres in Europe and is home to many attractions, including the
SECC, Hydro, Scottish Opera, Scottish Ballet and Royal Scottish National Orchestra.
Specifically, The Two Fat Ladies is situated in a prime city centre location on Blythswood Street, just off Blythswood Square. Any licensed business is ideally located to target city centre office workers and evening trade, as well as spin-off custom from the many nearby hotels, including The Blythswood, Malmaison, Dakota, Ibis and Novatel.
The Two Fat Ladies is arranged over the ground floor of a three storey stone constructed building, under a pitched roof. There is a service delivery lane situated to the rear of the premises.
There is a good quality contemporary frontage/signage, with artificial lighting, partly formed in timber with two large windows to the front and a further window to the side, providing excellent natural daylight. The frontage benefits from bespoke rot iron “fish’ detailing. The upper floors are in use as offices.
The accommodation is as follows:
The restaurant is accessed directly from the front, off Blythswood Street/Blythswood Square.
Open plan restaurant, benefitting from virtually full height windows. There is a mix of fixed back booth seating, supplemented by loose tables and chairs. There is a timber bar servery to the front and seating for approximately 32 persons, although the restaurant could accommodate approximately 40 for larger events. The restaurant is fitted in a good quality contemporary design with a first class ambience throughout.
Ladies and gent’s customer toilets situated to the rear.
Fully fitted commercial kitchen.
The Rateable Value is £26,200.
We understand that the property is connected to all mains services, including water, electricity, gas and drainage.
There is a premises licence in place.
The Two Fat Ladies was established many years ago and provides a first class restaurant. The current owner wishes to concentrate on their other restaurant businesses and have decided to make the premises available on leasehold tenure. The premises are situated in a prime city centre location, able to capture significant daytime trade from the many office workers situated within the vicinity as well as evening trade lying close to the main licensed circuits within the city centre. In addition, there are other income drivers, including the many hotels situated within only five minutes’ walk of the business.
This is a first class opportunity for an owner occupier/chef proprietor to acquire a fully fitted contemporary restaurant in a prime location.
Historically, the business achieved sales in the region of £540,000 net of VAT, although this did fall marginally due to the current owner concentrating on other business ventures. Historic accounting information can be made available to interested parties.
The premises have been placed on the market as a new leasehold opportunity. A new long term lease can be created, the terms of which are negotiable. The asking rental is £30,000 per annum. A deposit will be required from an incoming tenant. Premium Offers Over £45,000 are invited for the benefit of acquiring the fully fitted and equipped restaurant.
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 conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.
Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.
Designed & built by Mucky Puddle