Available
Glasgow – Restaurant
50 West Regent Street, Glasgow G2 2RAFreehold Restaurant Investment
Price
£1,200,000
Rent P.A.
ERV: £80,000
Tenure
Freehold
Area
2,000 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- ERV: £80,000 p.a. GIY: 6.67%
- Freehold (Heritable)
- Vacant possession upon completion
- Family run restaurant for more than 10 years
- VAT is applicable to this property
- Comprises ground floor restaurant with ancillary accommodation at basement
- To be sold fully furnished as seen on pictures
- The current owner occupier has invested in excess of £650,000 on refurbishment costs and furniture
- Located in the main office district within 4 mins walk to Glasgow Central Rail Station
- Nearby occupiers include number of fine dining restaurants, bars, nightclubs, takeaways, banks, offices and many more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor restaurant with ancillary accommodation at basement. The restaurant comes fully furnished to a high standard as seen on the pictures and provides the following accommodation and dimensions:
Ground Floor:
Reception/Lobby accessed directly from West Regent Street
Bar Area (leading to Main Restaurant and Private Dining)
Main Restaurant (76 Covers)
Private Dining (29 Covers)
Commercial Kitchen (fully fitted)
Lower Ground Floor:
Customer WCs (Male/Female)
Restaurant Storage
Manager`s Office
*Note - The current owner occupier has invested in excess of £650,000 on refurbishment costs and furniture, which will be included in the sale
Ground Floor:
Reception/Lobby accessed directly from West Regent Street
Bar Area (leading to Main Restaurant and Private Dining)
Main Restaurant (76 Covers)
Private Dining (29 Covers)
Commercial Kitchen (fully fitted)
Lower Ground Floor:
Customer WCs (Male/Female)
Restaurant Storage
Manager`s Office
*Note - The current owner occupier has invested in excess of £650,000 on refurbishment costs and furniture, which will be included in the sale
Location Description
Glasgow is a national cultural hub, home to institutions including the Scottish Opera, Scottish Ballet and National Theatre of Scotland, as well as acclaimed museums and a thriving music scene. The property is located in the main central office district, within 4 mins walk to Glasgow Central Rail Station. Nearby occupiers include number of fine dining restaurants, bars, nightclubs, takeaways, banks, offices and many more.
