Description
The Amber Regent is arranged over the ground floor and lower ground of a multi-storey city centre traditional stone constructed building, under a pitched roof. The premises have an attractive entrance, directly from West Regent Street, which leads into the main lobby/reception area of the restaurant. There are large windows fronting West Regent Street, which provide excellent light internally.
Location
The Amber Regent is situated in an ideal trading position, in the heart of Glasgow’s central office area. The premises are situated on West Regent Street, close to its junction with Renfield Street and are within easy walking distance of the main retailing areas, Central Station, Queen Street Station and main bus routes.
Accommodation
GROUND FLOOR
Reception/Lobby
The premises are accessed directly from West Regent Street, which leads into the main restaurant reception/lobby area.
Bar
The bar area is set to one side and has an attractive semi-circular window directly onto West Regent Street, providing excellent natural light. There is a highly attractive bar servery and small seating area.
Main Restaurant
The main restaurant is situated to the rear. In total, there is seating for 76 persons. The restaurant has highly attractive decorations, in a Chinese design, and benefits from high internal ceilings and good quality lighting throughout. There is a mix of loose tables and chairs, as well as fixed back seating.
Private Dining Room
Situated to the front with two semi-circular windows directly onto West George Street. The private dining area has seating for 29 persons.
Kitchen
Fully fitted commercial kitchen.
Stores
A variety of stores.
LOWER GROUND FLOOR
Customer Toilets
Ladies and gent’s customer toilets.
Terms
Price
The Amber Regent has been placed on the market at offers over £1,200,000 for the benefit of our client’s Heritable interest and business.
Rateable Value
The premises have a Rateable Value of £58,500.
Specification
Services
We understand that the property is connected to all mains water, gas, electricity and drainage.
The Opportunity
The Amber Regent is a very highly respected Chinese restaurant, which has become a Glasgow institution. The premises opened in 1988 and has been operating for almost 35 years.
The business specialises in Cantonese cuisine and, in particular, is known for using the best quality seafood and shellfish. The business has a loyal and dedicated customer base, which should provide a smooth transition of the business to a purchaser.
This is an excellent opportunity to acquire a rarely available Heritable trading restaurant within the city centre, with a substantial and loyal customer base.
Trading Records
Pre-pandemic, the business was generating sales in the region of £1,100,000 net of VAT. Whilst the business was clearly severely impacted by the pandemic, we understand that revenues have now increased to a level similar to those achieved prepandemic.
EPC
The property has an EPC rating of G.
Viewing & Further Information
Strictly no approaches to be made to the property direct. For further information please contact the joint agents CDLH or Cargill Property.
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.