The property forms the ground floor and basement of a larger multi-storey modern commercial development. Accessed from street level, the property offers an open plan bar area with a mixture of booth and loose seating along with performer stage. W.C's, staff room, office and cellar are located in the basement.
The bar is well established as Glasgow's premier cocktail bar and late-night venue with one of the few 3am licenses in the city.
Location
Glasgow is Scotland’s largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million.
The premises occupy a prominent location on the south side of West George Street between its junctions with Hope Street and Renfield Street.
The premises are located in the main leisure and office district with nearby occupiers such as Wetherspoons Society Rooms, The Merchant, Devil of Brooklyn and Slug & Lettuce soon to open in the former Missoula site on Renfield Street.
Accommodation
The property has been calculated to extend to the following gross internal area – 268.3 sqm / 2,888 sqft
Terms
Tenancy - The premises are held on a full repairing and insuring head lease on the following terms –
Tenant: JESSIESGW23 Ltd
Expiry: 13/06/2047
Passing Rent: £75,715pa until 30/09/2028
Rent drops to £65,000pa from 01/10/2028
Landlord Break: 04/02/2043
Rent Reviews: 5 yearly. Next RR 01/10/28 to higher of £65,000pa or OMV.
Price - Offers in excess of £655,000 are invited.
VAT - VAT is applicable although we anticipate the property will qualify as a Transfer of a Going Concern (TOGC).
Legal Costs - Each party to be responsible for their own legal and professional costs incurred in this transaction.
Specification
- Attractive City Centre Investment
- Well-Established Iconic Late-Night Venue
- Recently Refurbished
- Ground & Basement
- Held on Lease June 2047
- Rent: £75,715pa
- Offers over £655,000 are invited