On the Instructions of Callum Carmichael and Michelle Elliot, Joint Liquidators of GCOS Limited (In Liquidation)
THE DESCRIPTION
The subjects comprise a bar/restaurant /functions room formed within a two-storey plus attic stone building, under a pitched and slated roof. We understand the original building dates from around 1897. There is also a single storey extension to one side, which incorporates a roof terrace area. There are further extensions.
Externally, there are significant beer garden areas. There are approximately 20 car parking spaces, although we understand a number of those car parking spaces are on the public road and do not form part of the subject’s demise.
Location
The property is located on Glasgow’s famous Great Western Road, the main thoroughfare from the City Centre, leading through the city’s West End and beyond. The property straddles the affluent areas of Hyndland, Broomhill and Kelvindale, and is only a ten-minute walk from Hyndland Train Station.
The property is next to Glasgow’s Gartnavel Hospital, a very significant local employer, and is virtually adjacent to the Leonardo Inn Hotel. Both Gartnavel and Leonardo provide an excellent customer base to complement the affluent surrounding population and, of course, significant passing trade from the busy Great Western Road.
Accommodation
GROUND FLOOR
Main Bar Restaurant
Extensive L-shaped, the main bar/restaurant has high ceilings, a fitted bar servery and is attractively decorated. There is a raised seating area, forming the principal dining area to the front of the property and a more casual bar/dining area around the bar servery and entrance area. Seating capacity approximately 60.
Secondary Dining Area
There is a secondary dining area just off the bar/restaurant, which is used during busy weekend periods and provides seating for approximately 40 persons.
Service Areas
There is a fully fitted commercial kitchen, dry goods store, beer cellar and further storage at ground floor level.
Ladies and Gentleman’s toilets.
FIRST FLOOR
Small Bar and Terrace
There is a small bar area seating 20 persons , with fitted bar servery, which leads through to a large external first floor terrace ideal for summer alfresco dining and seating a further 40 persons.
Ladies and Gentlemen’s Toilets
There is a secondary dining area just off the bar/restaurant, which is used during busy weekend periods and provides seating for approximately 40 persons.
SECOND FLOOR
Function Room
There is popular function room at second floor level with a seating capacity for approximately 60 persons. The function room is complimented by a second kitchen area at second floor level.
Terms
OFFERS
Offers over £595,000 (plus VAT if applicable) are sought for the property, which is held on a long ground lease. Parties who also wish to acquire the occupiers furnishings and equipment should make separate and additional offers for the contents of the property. A full inventory of contents can be provided to seriously interested parties after viewing.
VIEWING AND FURTHER INFORMATION
Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650 or contact@cdlh.co.uk.
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 conduce due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.
Specification
SERVICES
We understand that the premises are connected to all mains services, including water, electricity, gas, and drainage. There is a gasfired central heating system.
RATEABLE VALUE
The subjects are entered into the valuation role with a current Rateable Value of £49,500 from 1st April 2023. A new occupier has the right to appeal the Rateable Value.
EPC RATING
A copy of the Energy Performance Certificate is available on request.
OWNERSHIP STRUCTURE
The property is held on a ground lease from British Railways Board. The ground lease is until the 28th May 2081 and the ground rental is fixed until lease expiry at £1 per annum (if asked). The property, therefore, is being offered to the market with approximately 55 full years unexpired on the ground lease, at a negligible rent, with no opportunity for a rent review. Copies of lease information can be made available to seriously interested parties after viewing.
THE OPPORTUNITY
Hospitality Use
The company which owns the ground lease interest, GCOS Limited, was placed into Liquidation in May 2025. It is envisaged that the business will continue to operate throughout the sale process. As the occupier is a separate entity, no formal trading information is available. However, we understand that the business is presently achieving sales of around £14,000 per week net of VAT although there is clear potential to enhance that figure. No warranties, whatsoever, will be provided in relation to the verbal trading information supplied to us and no formal trading information is available. The present occupier is on a short time licence to occupy and will vacate the property at the time of sale. It should be noted that the furnishings and equipment, along with the kitchen equipment is in general owned by the present occupier. Separate offers can be made for that equipment, along with the property if required. An inventory of occupiers’ equipment can be made available to seriously interested parties after viewing
1051 GWR offers a rare opportunity to acquire a highly attractive property, in an affluent and busy location, with excellent transport link and a possibility of re-branding and re-theming the outlet in accordance with the purchaser’s requirements.
Alternative Use
Given the size and location of the property, in our opinion, it will be suitable for a number of alternative uses, including, and not limited to, short term residential letting accommodation, day care nursery, business centre and many other commercial uses, able to capitalise on the prominence of the building and the affluent location. Any change of use would, of course, require all the necessary consents.