This substantial Restaurant at the heart of Greenock town centre, having successfully operated for the past two decades, is available to purchase or let from Bowman Rebecchi - The Home of Property.
The property was formerly occupied by Cafe Balfe, which successfully traded from the premises for approximately 20 years, and offers an incoming operator an extensive range of accommodation and facilities suitable for a variety of hospitality uses.
Internally, the premises provide seating for in excess of 80 covers, together with a number of separate and adaptable areas which can be utilised for private dining, functions, parties and group bookings. The property benefits from a spacious commercial kitchen, large bar and dedicated ice cream area, with extensive storage provision including several cold stores and a walk-in freezer.
Customer facilities are of a high standard, comprising recently renovated ladies' and gentlemen's toilet facilities, together with a separate disabled-access and baby-changing toilet.
The premises enjoy excellent prominence from West Blackhall Street, with a substantial glazed frontage providing excellent visibility and allowing significant natural light into the customer areas. There is also provision externally for a large awning and prominent signage, offering excellent branding and advertising opportunities.
The scale and configuration of the premises provide considerable flexibility for an incoming occupier and would suit a range of potential uses within the hospitality and leisure sectors, including restaurant, café, bar, dessert parlour, private dining or function space, subject to the appropriate consents.
The property represents an excellent opportunity for an established operator or new business to take advantage of a substantial, prominently positioned hospitality premises with an extensive existing fit-out and infrastructure and includes roller shutters for additional security.
Early viewing is highly recommended to appreciate the size, specification and potential of the premises.
Location
Greenock is located approximately 20 miles west of Glasgow, with a residential population in excess of 50,000 and a wider core catchment population of approximately 270,000.
The property occupies a prominent corner position at the junction of Jamaica Street and West Blackhall Street, close to Grey Place and within approximately a five-minute walk of Greenock’s principal retail destination, The Oak Mall.
The surrounding area is well established and benefits from a diverse mix of commercial and leisure occupiers, including hairdressers, restaurants, cafés, takeaways, clothing and gift retailers, together with Aldi, ensuring a strong level of passing trade and footfall throughout the day.
The location provides an attractive and convenient setting for an incoming occupier, combining town centre prominence with excellent accessibility. Greenock West railway station is approximately a 10-minute walk from the property, while local bus services are available immediately adjacent to the premises, providing connections in both directions.
The property is also well positioned for access to the wider Inverclyde area and beyond, with ferry services to Argyll and Bute approximately a 10-minute drive away. On-street parking is available in the immediate vicinity.
Overall, the property occupies a highly accessible and prominent town centre location, benefiting from strong local amenities, public transport links and proximity to Greenock’s principal retail and commercial areas.
Accommodation
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi.
ACCOMMODATION
Floor - 256 sq m | 2,757 sq ft
Terms
Rates - From the Assessor's website, we note the subjects are in the current Valuation Roll with a Rateable Value of £18,600. The property is eligible for a 7% discount on rates, leaving a £8,300 rates bill per annum.
EPC - Available upon request
Entry - Our client is flexible to accommodate requests.
Purchase Price - Our client is seeking offers over £165,000 exclusive of VAT for their Heritable interest, which is exclusive all of the equipment as presented.
Rental Terms - The subjects are available to lease on full repairing and insuring terms at £21k per annum. Each party is to be responsible for its legal costs and outlays, including VAT incurred.
VAT - All prices, rents, premiums, etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Legal Costs - Each party is responsible for their own legal costs and the tenant shall be responsible for lease registration costs and land tax as standard.
For further information or to view, please contact Bowman Rebecchi.