The premises comprise a fully fitted, double fronted restaurant arranged over ground and basement floors within a 4-storey blonde sandstone building.
The ground floor is fitted out to the tenant’s standard specification consisting of 52 covers and a bar area to the front with commercial kitchen and disables WC at the rear.
A staircase to the right of the bar leads to the basement which has male and female customer toilets, storage area and large kitchen prep area with walk-in fridge.
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 prime central location on the north side of Bath Street, close to its junction with West Nile Street and in close proximity to both Buchanan Street and Sauchiehall Street.
Nearby occupiers include Ladbrokes, Evans Cycles, Maki & Ramen and The Post Office, as well as many office occupiers within the immediate vicinity.
Terms
Tenancy: The property is held on a full repairing and insuring (FRI) lease on the following terms -
Tenant: O Sole Mio (Glasgow) Ltd t/a O Sole Mio
Expiry: May 2035
Rent Reviews: 5 yearly to OMV
Passing Rent: £30,000 per annum
Price: Offers over £495,000
EPC: Available on application.
Legal Costs: Each party to be responsible for their own legal and professional costs. The ingoing purchaser will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Specification
- Prime City Centre Restaurant Investment
- FRI Lease
- Rent: £30,000pa (Reversionary Rent – ERV £55,000pa)
- Expiry: May 2035