The subjects are offered in a very well presented walk in condition. At present the subjects are laid out to include:
- 90 covers (there is an opportunity to increase the capacity)
- Open plan show kitchen
- Ladies, gents and disabled toilet facilities
- Rear preparation area with walk in chiller
- Storage and staff areas throughout the property
Opportunity: We are offering a high quality, fully licensed restaurant in a well-known trading location in a busy city centre. The opportunity is likely to appeal to a wide variety of experienced and motivated operators.
The layout and capacity is very flexible and certainly would suit a different variety of trading styles and international cuisines.
Location
This restaurant opportunity enjoys a prominent trading position on Dumbarton Road close to the Thistle Shopping Centre and the pedestrianised area of Stirling city centre.
Stirling is a historic city famed for the site of the nearby Battle of Bannockburn as well as the Wallace Monument.
As well as this Stirling Castle and the Old Town Jail bring numerous visitors and tourists into Stirling every year. The premises occupies a prominent trading location to serve the local community, office workers, shoppers as well as visitors to the area.
The premises are located in a well-known trading location, close to other restaurants and licensed offering. The subjects are also adjacent to Kings Park, one of the nicest residential areas of the town.
Stirling is a also a university city with the campus located to North of the city centre, student accommodation is dotted all around central Stirling with a new 150 bed accommodation located directly across the road.
Accommodation
From sizes taken during our inspection we calculate the subject property, measured in accordance with the RICS Code of Measurement Practice (second edition, January 2018) to extend to the following approximate gross internal area (GIA):
302.4m²/3,255ft²
Terms
Licence - The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.
Rating - Rateable value £22,750.
EPC - A copy of the EPC will be available upon request.
Proposal - Our client will offer a new FRI lease to a prospective tenant. Long term lease length is negotiable.
Initial rent will be £28,000 per annum. £15,000 key money/premium is also sought. A rental deposit will also be required.
Prospective tenants will be expected to demonstrate their experience and ability to pay the rent/fund any refurbishment. Prospective tenants will also be asked to prepare a landlord pack.
Offers over £350,000 are invited for the Heritable interest.
Closing Date - A closing date may be set and all interested parties should make a note of interest at the offices of the Joint Agents. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the sale or lease of the property.
Planning - All queries in relation to redevelopment/ reconfiguration of the subjects should be addressed to Stirling Council Planning Department.
VAT - All prices, premiums and rents quoted are exclusive of VAT.
Specification
- FULLY FITTED PIZZA RESTAURANT
- LEASE FROM £28,000 PER ANNUM
- OFFERS OVER £350,000
- 3,255 FT²
- SUITABLE FOR ALTERNATIVE USES
- PRIME TRADING LOCATION
- 90 COVERS – WITH POSSIBILITY TO INCREASE
- SHOW KITCHEN WITH REAR PREPARATION AREA
- WOULD SUIT A VARIETY OF TRADING STYLES AND CUISINES