Fully fitted and refurbished restaurant
The property has traded for many years as a restaurant on the first floor with main door entrance from Victoria Road. The building is floodlit and the restaurant overlooks Victoria Road with a private balcony. The property has recently been refurbished to provide a modern, attractive restaurant with two main dining areas, a private dining room, fully fitted kitchen, and ladies and gents toilets. The property has a full 7 day restaurant license to 1am and the main restaurant area has the capacity for 40 covers with the private function room having a capacity for 28 covers.
Location
The premises are situated in the heart of Victoria Road, a busy main shopping location on the south side of Glasgow, serving Queens Park, Crosshill and surrounding areas. Nearby traders include Boots, Semi-Chem, Farmfoods, Greggs, Sainsbury, and Superdrug. Victoria Road benefits from good on-street parking, and provides attractive shopping facilities for the local community.
Accommodation
According to our measurements, the property has the following approximate dimensions and floor area:-
Main Restautant - 565 sq ft
Function Room - 335 sq ft
Kitchen - 357 sq ft
Ladies & Gents - 150 sq ft
TOTAL - 1407 sq ft
Terms
Rateable Value
The property has a Rateable Value of £6,800 with effect from 1 April 2010. The property may qualify for the Small Business Bonus Scheme, subject to eligibility.
Lease
The subjects are available for lease for a period of flexible duration on full repairing and insuring terms. Rental offers in the region of £13,000 per annum exclusive are invited.
Sale
Alternatively, our client may consider a sale of the subjects at a price to be agreed.
EPC
Available on request.
Legal Costs
Each party will bear their own legal costs incurred in the transaction with the purchaser being responsible for any Stamp Duty, registration dues and VAT incurred thereon.
VAT
All prices quoted are exclusive of VAT the current rate.