THE BUSINESS
This 19th century, Scottish Baronial-style building was purchased by the current owners in 2018 after the sale of their previous business, the award-winning bed and breakfast, 15 Glasgow in 2016.
It has been fully refurbished and converted into a unique 8-bedroom boutique property. Perfectly complimenting the building's origins, all rooms reflect the shape and quirkiness of the layout of the Victorian architecture. Most rooms have views of either Glasgow Cathedral or the Necropolis. All rooms feature a handmade bed, flat-screen TV, en-suite shower room with a monsoon shower and free WiFi throughout.
After a successful collaboration with Crabshakk Restaurant, Glasgow in 2020/21 the owners made the decision to lease the food and beverage section of the restaurant on a longer-term basis and Michelin Bib Gourmand restaurant Celentano's opened in July 2021.
Celentano's expanded their operation to include the rooms in September 2024. Cathedral House and Celentano’s have been featured in many publications, including Conde Naste and the Times Travel.
Current Revenues are approximately £995,000 net of VAT with an adjusted profit in the region of £181,500. Accounting information will be made available to seriously interested parties.
THE OPPORTUNITY
This is a first-class opportunity to build on an already successful business. The premises and business would be ideal for a chef proprietor or owner operator couple. With minimal adaption the first floor provides a canvass for adding apartments or additional rooms. The large beer garden has clear additional potential to increase trading areas or add a bedroom extension.
THE NUMBERS
FMT Restaurant and Bar £815,000 with a current (food and drink) GP of 76.5% FMT Rooms £147,000
FMT combined space £962,000 FMOP combined space £181,520
Cathedral House is currently rented in full to Celentano's Restaurant with rooms
PREMISES LICENCE
There is a Premises Licence in place that will be transferred to a purchaser.
EPC
The premises have an EPC rating of G.
SERVICES
The premises are connected to all mains services including water, gas and electricity. There is a gas fired central heating system that also heats the water supply to the rooms etc.
Location
The Cathedral House Hotel is situated in a prime location in the historic heart of Glasgow, directly adjacent to the iconic Glasgow Cathedral and the Necropolis Victorian cemetery. Many rooms offer stunning views of these landmarks, and guests can easily walk to both attractions. Beyond the immediate vicinity, the hotel is also a short stroll from the vibrant Merchant City, known for its trendy restaurants and bars, and within easy walking distance of the city centre, offering access to attractions like George Square, the prime retailing Buchanan Street and the core financial districts.
The hotel's location offers a blend of historical charm and convenient access to Glasgow's city life. It's a great base for exploring the city's rich history and enjoying its modern amenities.
Transport links & Key Business Generators
The hotel is well-served by public transportation, with High Street train station and various bus routes nearby, and it's easily accessible by car from the M8 motorway.
There is religious and cultural attractions nearby, including the St Mungo Museum of Religious Life and Art in addition to the adjacent Glasgow Cathedral and the Necropolis. Beyond tourism, the hotel benefits from its proximity to major educational institutions such as the University of Strathclyde and Glasgow Caledonian University as well as Tennent Caledonian Brewery, a major UK brand and local employer.
The Cathedral House Hotel is arranged within a distinctive Victorian stone building, constructed in the Scottish Baronial Style in 1896. It is an iconic Glasgow landmark, nestled in the city's historic core. The building features elements of Scottish Baronial architecture, including turrets. A large, licensed beer garden is situated to the side.
Accommodation
THE PROPERTY
GROUND FLOOR
Bar Restaurant
Traditional and characterful space with a variety of seating areas arranged over split levels. Estimated total capacity for approximately 50 persons. Bright and airy space with stunning views to Glasgow Cathedral and the Necropolis.
Customer toilets
Gents and accessible customer toilet situated to the rear of the ground floor. The ladies’ toilets are situated at mezzanine level between ground and first floors.
FIRST FLOOR
Restaurant
Unique restaurant/event space with windows to the front and side, including a bay window feature with stunning views. The ceiling height is high with ornate cornicing. Estimated capacity for approximately 40 persons. There is separate external access from ground level.
Kitchen
Fully fitted commercial kitchen, situated immediately adjacent to the restaurant/event space.
SECOND & THIRD FLOORS
8 letting rooms
5 super-king rooms and 3 king rooms all ensuite.
BASEMENT
Cellar
Keg chill room with external beer drop Storage room.
Terms
PRICE
The asking price is offers over £1,100,000 for the benefit of the heritable interest and business to be sold as a going concern.
Specification
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.