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Fantastic Restaurant/bar Opportunity In Glasgow City Centre For Lease

Glasgow, Glasgow City
Freehold Price:
Available on request
Leasehold:
£39,000
Turnover:
Not applicable
Net Profit:
Not applicable

Marcello’s
57/59 Elmbank Street, Glasgow, G2 4PQ

• Prime City Centre Restaurant/Bar Opportunity
• Directly opposite Kings Theatre, within vibrant licensed circuit
• Close to many amenities incl. hotels, retail & new office developments
• Circa 317 SqM (3,414 SqFt) over ground and lower ground floors
• Fitted to a high standard with minimal investment required
• Currently circa 130 covers. Potential to increase

Property information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Lease Terms:

Our clients are prepared to offer a fresh, full repairing and insuring (FRI) lease, for a period of negotiable duration, and are seeking initial rental offers in excess of £52,000 per annum.

Freehold offers may be considered.

Location:

The subjects benefit from a prime trading position on the corner of Elmbank Street and Bath Street, and directly opposite the Kings Theatre, in the heart of Glasgow City Centre.

The subjects benefit greatly from their close proximity to the Kings Theatre, which is one of Scotland’s most historic and significant theatres. The theatre can hold 1,785 people, and plays host to an extensive calendar of shows throughout the year.

The subjects are positioned between Bath Street and Sauchiehall Street, which are two of Glasgow’s busiest licensed circuits, and surrounding licensed operators include The Griffin, Pizza Express, Nando’s, Moskito, Bunker and The Garage Nightclub.

The surrounding area is also home to a high density of offices, with some of Glasgow’s largest professional firms, as well as a number of recent, substantial, Grade A office developments including the new Scottish Power building and St Vincent Plaza.

Glasgow benefits from high levels of tourism and business visitors, and the subjects benefit from a number of nearby hotels including the Malmaison, The Hilton, The Blythswood, Abode, Apex and the new Dakota Deluxe.

Other nearby amenities and attractions include the Mitchell Library, The Theatre Royal, Pavillion Theatre, the O2 ABC concert venue, as well as the Cineword multiplex cinema. The subjects also benefit from the nearby Scottish Hydro Concert venue which regularly plays host to the biggest concerts and live shows.

Glasgow itself, is Scotland’s largest city, with a population of approximately 600,000, however this is doubled if you include the Greater Glasgow area. The city is synonymous with style and culture, and it’s many amenities and world class attractions attract high-levels of visitors throughout the year.
Glasgow is served by nearby Glasgow Airport as well as Prestwick Airport which receive almost 7 million and 1 million visitors per annum respectively. The city has excellent transport links, being easily accessible from the M8 motorway and has national rail links from Glasgow Central Station and Queen Street Station.

Premises Details:

The subjects can be accessed either via an entrance stairway on the corner or Bath Street and Elmbank Street which leads down to a small courtyard area and then into the lower ground floor restaurant, or from a separate entrance on Elmbank Street which takes you directly in at ground floor level.

The lower ground floor restaurant can accommodate circa 55/60 covers by way of banquet seating and loose tables and chairs, and also benefits from a large bar/servery counter. This area has been stylishly fitted yet retains many original charming features including exposed stonework and fireplace.
The premises benefit from a quality timber floor throughout.

The ground floor accommodation can be accessed internally via an attractive stairway or from the street entrance. Accommodation on this level includes a reception entrance, a stylish bar area, with fully equipped bar/servery, which can seat circa 20 customers, as well as 2 adjoining dining rooms, which can accommodate circa 50/60 covers depending on layout. Seating is currently provided by way of banquet seating and loose tables and chairs. The dining areas benefit from large windows on 2 sides, providing fantastic views overlooking the Kings Theatre. The dining areas have a grand feel to them, with many original features, including high ornate ceilings and fireplaces at each side. This level also benefits from a high quality timber floor throughout.

Ancillary Areas:

• Fully fitted catering kitchen with dumb waiter
• Separate dish wash area
• Male, female & disabled toilets
• Office
• Staff toilet/changing
• Various ancillary storage areas
• 2 designated car park spaces to rear

Size in square feet:
We understand that the premises have a gross internal area as follows: Lower ground floor: 161 SqM (1,733 SqFt) Ground floor: 156 SqM (1,681 SqFt)
Energy Performance Rating:
G

Other Information

Related Documents:
Leasehold asking price:
£39,000
Business closed / Asset sale:
Yes

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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