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1,311 SF of Assignment Available in Glasgow, GLG

Byres Road 374, Scotland, United Kingdom

£36,61/sq.ft./year

1,311 sq.ft.

Retail

For rent

#31420

Property Details

Broker

For rent

Immediately available

1

1

1967

1,311 sq.ft.

122 m²

Property Description

DESCRIPTION The subjects comprise a double retail unit trading as a Class 3 hot food restaurant within a retail parade, of masonry construction, under a pitched and slated roof. The property is arranged over three floors, including basement and mezzanine. The property has a timber and glazed frontage and is accessed via a single pedestrian door per unit. There is a customer dining area to the front and the commercial kitchen is to the rear. The kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate and the walls are finished with plaster/paint. Artificial lighting is provided via pendant fixtures. A small mezzanine has been formed in one unit and access to the basement is gained via stairwells to the rear of each unit. The basement accommodates a kitchen, chill room, storage and welfare facilities. TRADING INFORMATION The Burger Cartel is a hot food restaurant which benefits from Class 3 consent. The current operators have decided to sell the business due to a change in circumstance, thus creating an exciting self-employment opportunity. The business benefits from high levels of repeat custom from locals. PRICE Offers in the region of £95,000 are sought for our client's leasehold interest in the property including the goodwill of the business, fixtures and fittings. Stock will be available at valuation. TENURE The lease is available by way of assignation, for the residual term of the lease, which expires in August 2027. The current rent is £48,000 per annum. The rent is subject to an open market rent review in August 2023. There is the option to extend the lease, subject to approval. Floor number: Ground West End location, Well presented restaurant, Subjects over 3 levels, Busy thoroughfare, Established business