The premises are fitted and equipped to a good, modern standard throughout having most recently traded as a Chinese buffet restaurant.
Our client fully refurbished the premises in 2013 although closed the restaurant in January 2017 to focus on other business interests.
The property remains fitted and equipped, capable of reopening for trade with minimal investment. The modern finish would lend itself easily to alternative cuisines.
The entrance vestibule leads directly into the main restaurant which can spaciously accommodate 120 covers. There is a waiting area for takeaway customers adjacent to the entrance. The restaurant operated on a buffet style basis, with various self service units located adjacent to the bar servery. To the rear of the restaurant is a food lift connected with the kitchen above.
An accessible toilet and a preparation room/store completes the ground floor accommodation. At first floor level there is a large commercial kitchen. There is a walk in chill, staff toilet and storeroom in addition to two offices. The customer toilet facilities are situated at this level.
There is delivery access via the shared yard to the rear of the property.
Location
The property occupies a prominent position on the South side of Hallcraig Street, directly opposite a multi storey car park offering free parking within Airdrie town centre.
The town of Airdrie lies around 12 miles to the East of Glasgow city centre and the town and surrounding area has been subject to ongoing residential development over recent years.
Airdrie has a resident population in excess of 40,000 and is situated to the North of the recently upgraded M8 motorway, providing a faster road between Glasgow and Edinburgh, benefiting the commuter towns and villages along the route.
Accommodation
Ground Floor - Gross internal area 254 m² (2,734 sq ft)
Restaurant, accessible toilet facilities and prep room/store.
First Floor - Gross internal area 123 m² (1,324 sq ft)
Kitchen, male and female toilets and staff accommodation.
Terms
TRADE INVENTORY
The restaurant remains fitted and equipped, capable of re-opening for trade with minimal investment. The trade inventory is available by separate negotiation if required.
RATES
Reference to the Assessor’s website has shown that the subjects are entered in the current Valuation Roll at Rateable Value £23,000.
ENERGY PERFORMANCE CERTIFICATE (EPC)
A copy of the Energy Performance Certificate is available upon request, however, the rating is G.
PRICE
Offers around £250,000 are sought for the property. The trade inventory is available by separate negotiation if required.
LEASE TERMS
Our client is willing to offer a new lease agreement, the terms of which are open to negotiation.
The proposed rental is £25,000 per annum exclusive and the trade inventory is available by separate negation if required.
As would be expected under the terms of a traditional lease, the incoming tenant will be required to demonstrate their ability to fulfil their obligations under the lease, in particular financial obligations, and references/deposits will be requested at an early stage, without exception.
ENTRY
Early entry can be afforded on conclusion of Legalities.
OFFERS
All offers should be submitted in Scottish legal terms to DM Hall.
FINANCE/BUSINESS MORTGAGES
DM Hall are in regular contact with the specialists involved in the financing of business and property purchases in Scotland and would be happy to effect the necessary introductions if required.
Specification
- Modern, fully fitted restaurant with 120 covers
- Suitable for alternative cuisines
- Prominent town centre location
- Free multi storey car park opposite
- Energy Performance Rating Band G