· Long established traditional public house in Glasgow’s south side
· Substantial property occupying prominent corner position
· Currently occupied by way of Licence Agreement although vacant possession readily achievable
· May suit alternative use and/or subdivision, subject to planning
· GIA of 562 sq.m (6,051 sq.ft) approx.
· EPC Rating ‘G’
· Offers over £XXX invited
PROPERTY NOW 'UNDER OFFER'
Location
The subjects are situated on the eastmost side of Victoria Road occupying a corner position at its junction with Calder Street, in the Govanhill area of Glasgow, approximately 2 miles to the south of Glasgow City Centre.
Public transport connections are available nearby, with Queens Park railway station within walking distance and regular bus services available along this route. There are a number of pay and display on street car parking bays, located to the front of the property and along Victoria Road, as well as in the neighbouring residential side streets.
The subjects form part of an established terrace of retail units which principally serve the convenience shopping needs of the resident population. Adjoining occupiers are predominantly of a local independent nature and include a Marie Curie charity shop, Kilcoyne & Co Solicitors, Subway Sandwiches and Kebabish Restaurant & Takeaway amongst others. Located to the north of the subjects is a Lidl discount supermarket whilst several national multiple retailers are located up and down Victoria Road.
Accommodation
DESCRIPTION
The subjects comprise a traditional public house property which occupies a corner position of part of the ground floor within a four storey tenement building. The upper floors are in flatted residential dwelling use.
Main access to the subjects is taken from the Victoria Road elevation whilst a further entrance is also available from Calder Street. The property has a typical frontage and enjoys extensive coverage along each elevation.
Internally, the property presents itself as a spacious and well maintained property comprising a large public bar taking up the majority of the space and the front portion of the property, served by a corner bar servery off which there are a number of stores. To the rear of the public bar if entered off the Calder Street entrance, is a lounge bar area and private function room which sits a slightly lower level to the public bar.
To the rear of this, is service and ancillary facilities including a large kitchen, cellar, staff room, office and a series of large store rooms. Finally, male and female patrons toilets are located to the side of the function suite whilst a disabled toilet is located off the public bar area.
FLOOR AREAS
According to our measurements taken during our inspection, we calculate the Gross Internal area to extend to 562 sq.m (6,051 sq.ft) approx.
Terms
TENANCY DETAILS - The subjects are currently held by way of a 12 month tenancy agreement which expires on 17 April 2017 unless terminated at any time subject to the tenant being provided with not less than 28 days notice.
PRICE - Offers over £XXX are invited for the purchase of our client’s heritable interest in the subjects.
V.A.T. - Our clients have elected to waive exemption to VAT and accordingly VAT will be payable on the purchase price. It may be possible for the transaction to complete by way of a TOGC, however, interested parties will require to seek their own financial advice in this regard.
BARRELAGE - Our clients advise us that the MAT as at June 2016 was 207 barrels.