DESCRIPTION
The Hat and Bishop is arranged over the ground floor and basement of a four-storey, traditional sandstone constructed building. The premises are under a pitched roof, clad externally in slate. The upper floors appear to be in use as an office on the first floor with residential above.
The premises are accessed directly from Sauchiehall Street. The premises benefit from a full height glazed frontage, providing excellent natural light internally. There is also a separate external access from Sauchiehall Street, leading to the basement.
BUSINESS HISTORY
The Hat and Bishop was acquired by our client around 2024. The premises originally traded as a Mexican take-away restaurant but were refurbished to provide a gaming concept with arcade and board games. A provisional Premises License has been granted but significantly delayed awaiting local authority approvals. Although the premises have been operating as a gaming concept, they have been unable to sell any alcohol.
In the meantime, our client has opened other businesses in the West End of Glasgow and has decided to sell their interest. The sale will be subject to the premises licence being granted, which is due imminently.
THE OPPORTUNITY
The business would be suitable for continuing with the licenced gaming concept. Alternatively, the premises would also be suitable as a restaurant or bar, with the significant benefit of a preparation kitchen, which can be used for either outside catering or as a “dark kitchen”.
Location
Sauchiehall Street in Glasgow has long been a pivotal axis for the city's licensed and leisure sector, evolving from a renowned retail thoroughfare to a vibrant entertainment district. The street is characterised by a diverse array of pubs, bars, nightclubs, and restaurants, catering to a wide demographic, including students, young professionals, and those seeking late-night entertainment. Key business generators include prominent nightclubs like The Garage and Campus, which attract large student crowds with their themed nights and affordable drinks. The presence of venues offering live music, comedy, and even burlesque, such as Berlinkys, further solidifies its reputation as a comprehensive leisure destination.
The immediate surrounding area has also seen significant development in the student accommodation market. There are now significant completed developments on Bath Street and ongoing developments on Elmbank Street, both of which are only 5 minutes’ walk from the subjects.
Accommodation
GROUND FLOOR
Access
There are two accesses to the ground floor. One leading to the basement area and a further access from the front to the main ground floor trading area.
Bar/Restaurant
With full height glazed frontage onto Sauchiehall Street, providing excellent natural light. The ground floor is currently used as a gaming and seating area. There is a servery set to the rear, which includes a full commercial extraction for cooking. We would estimate total seating for approximately 40 persons. This area benefits from excellent ceiling heights and part tiled and part brick walls, providing a modern and contemporary ambiance throughout.
Preparation Area
Large, tiled preparation area situated directly to the rear of the bar servery.
Wash Area
Further wash and storage area situated to the rear.
Ancillary Accommodation
Various stores and accessible toilet situated off the main trading area. In addition, there is a service access stairway connecting the ground floor kitchen area to the basement preparation kitchen.
BASEMENT
Access
The basement is accessed from the rear of the ground floor. There is an alternative external access to the front.
Trading Area
The main trading area over the basement is accessed from a separate external staircase to the front. There is also service access to the rear. There is a fitted servery set to the rear. Total seating for approximately 44 persons can be accommodated. This area is currently used as a games area, supplemented by arcade games and a TV seating area. The area benefits from features including an open brick wall.
Preparation Kitchen
Large and very well fitted preparation kitchen. There is a fully fitted stainless steel extraction.
Fridge/Freezer Room
Part open to the preparation room, with double, large stainless steel units. There are two walk in fridges situated to the rear.
Ancillary Accommodation
Staff toilet, large storage room, staff toilet 2 and manager’s office.
Toilets
Ladies and gent’s customer toilets situated adjacent to the basement trading area.
Terms
PRICE
The premises have been placed on the market at offers over £35,000 for the benefit of the leasehold interest. This is an extremely attractive price, given the fact that substantial works have been undertaken to the premises, including the creation of a large preparation kitchen.
EPC
EPC The property has an EPC rating of G.
ANTI 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 conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.