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Restaurant Investment, 124 Nithsdale Road, Glasgow, G41 5RB

1,662 Sq Ft / Leisure / Restaurants / Cafes

Sold - Last updated: 11 April 2022

The premises comprise part of the ground floor of a traditional three storey and attic blonde sandstone fronted tenement with residential flats above.

Externally the property has a painted timber double shop front with pop-out doors to the street surmounted by a painted timber fascia board. Two roller awnings are fitted, as are projecting floodlights and wall mounted heaters for the external seating.

Internally the front of the ground floor is fitted out for customer seating and servery, in a modern bistro style, with male and female toilets to either side of the public areas. The kitchens are situated to the rear, above the cellar storage, and with additional mezzanine offices and stores.

Location

The property is located on the east side of Nithsdale Road, close to its junctions with Kenmure Street and Glencairn Drive, on the boundary between the Strathbungo and Pollokshields areas of the south side of Glasgow, approximately two miles south of the city centre.

Surrounding properties are predominately tenemental with commercial uses on the ground floors and residential above. Nearby traders in the licensed / restaurant trade include Moyra Janes Brasserie; Xpresso Lounge; Six by Nico Southside, and Lah-Tea-Doh (Coffee House).

The location is a vibrant, up-and-coming area, popular with young singles and couples, and is well served by public transport with bus routes on Nithsdale Road; and Pollokshields West and East railway stations are located nearby.

Accommodation

Ground - 1,082 sq.ft. (100.52 sq m) (GIA)
Cellar - 330 sq.ft. (30.67 sq m) (GIA)
Mezzanine - 250 sq.ft. (23.23 sq m) (GIA)

Terms

LEASE TERMS
The property is currently leased to Lease 122 Limited, for a term now recently extended to expire on 31st August 2039 on full repairing and insuring terms at a current rent of £XXX per annum subject to an outstanding review as at August 2019.

There are no tenant break options, and further reviews at five yearly intervals throughout the extended term.

PRICE
Offers in excess of £XXX exclusive are invited for our clients heritable interest.

RATEABLE VALUE
The property is currently assessed at a Net Annual Value of £XXX

EPC
An EPC has been ordered and can be made available on request.


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