Prime West End Glasgow Investment
Corner Position
Rare Hot Food Licence
Ground & Basement
Let to “Chilos”
Expiry: 31st July 2034 (No Breaks)
Passing Rent: £41,600p.a.
Reviews: 2027 / 2030 / 2033
Price On Request
Location
The subjects are located within the Kelvinbridge area of Glasgow’s West End approximately 1 mile west of the city centre and in close proximity to Glasgow University.
More specifically the subject property commands a prominent position on the north side of Great Western Road by its junction with Belmont Street and immediately opposite its junction with Bank Street.
Neighbouring occupiers include IJ Mellis Cheesemongers, COOK, Cottonrake Bakery, Co-op Food and Paesano Pizza
Property
The property comprises a prime positioned corner commercial premises set within a larger 4 storey mixed use traditional sandstone development surmounted by a pitched roof.
With return frontage onto Great Western Road and Belmont Street, the property benefits from an enviable position catching passing traffic gazes from Great Western Road and Bank Street.
The property has been extensively renovated to incorporate customer seating area to the front and take away window on Belmont Street. The property offers basement stores and office, accessed via a single staircase to the rear of the demise, with kitchen and w.c. facilities situated at ground floor.
Area
The property has been calculated to extend to the following area;
Ground: 56.94sqm (613sq ft)
Bsm: 50.83sqm (547sq ft)
Total: 107.77sqm (1,160sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Chilos Burger Ltd
Expiry: 31st July 2034 (No Breaks)
Passing Rent: £41,600p.a.
Reviews: 2027 / 2030 / 2033
Deposit: £6,933 Held by the landlord
Personal Guarantee: Director Guarantee Provided.
Further Information
Chilo’s is one of Scotland’s fastest growing franchise operations with sites being secured almost weekly. With their flare for social media and connecting with under 35’s across all demographics, the brand also offers a unique twist on what may be perceived as an already saturated burger market. The brand has expanded across the country with 8 store sites opened since 2020 with a further 11 due to open in 2025. Further information available via www.chilos.co.uk
V.A.T
We understand the property has not been elected for V.A.T.
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti Money Laundering
TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.