Outstanding Restaurant & Bar Opportunity, Glasgow City Centre For Sale

Property Information

Property:

Leasehold

Leasehold Type:

New

Lease Terms:

The landlords will offer a new FRI lease. Tenant incentives may be available subject to covenant.
Initial rent will be £75,000 per annum.

Leasehold Rent:

£75,000 per annum

Location:

The subjects occupy a prime location in St. Enoch Square, in the very heart of Glasgow city centre.
Glasgow is a bustling city with a compact and easy-to-navigate city centre. In terms of population, Glasgow is the largest city in Scotland, with a population of 635,000. The Greater Glasgow area is one of the most populous urban areas in the UK, with a population approaching 1.7 million. This population concentration makes Glasgow city centre a very busy retail, commercial and financial centre serving the centre and west of Scotland as well as beyond.
The subjects are located on St. Enoch Square at the southern end of Buchanan Street. Buchanan Street is often referred to as Scotland’s premier shopping mile, home to designer stores, upmarket shopping centers, and Frasers department store. At St. Enoch Square, Buchanan Street intersects with Argyle Street, another very busy retail street heading east to west through the city centre.

Glasgow is currently undergoing significant and exciting city centre redevelopment in the next few years, which will be centred around the immediate area of the subjects. In the last few years, the immediate area around the subjects has undergone significant transformation, with more than 1000 hotel rooms.
The subjects are also close to the Clyde and Broomielaw areas, as well as Glasgow’s financial center, which is home to large financial institutions.
Glasgow is well served with excellent transportation links; the city centre has two major railway stations (Queen Street & nearby Glasgow Central). In addition, the city also has an underground system, with St. Enoch Square underground station located a few steps from the subjects.

Premises Details:

The Property:
The Teacher building is one of the most iconic and historic original buildings in Glasgow city centre. Built in 1875 in the Italian Renaissance style, the property was built for William Teacher and Sons as the headquarter and dram shop of their whisky business.

Our clients purchased the whole property a few years and have begun a sympathetic restoration of the building. The uppers floors are currently let to upscale self catering apartment operator Sonder Inc. Sonder Inc operate 25 apartments above the bar/restaurant space.

The property is B listed with subjects operating from a basement & ground floor levels.

Internal Details:
The front door Main entry to the subjects is at the front on the property leading into a large open plan shell unit.
Accommodation is over ground floor and basement level.
Ground floor is consented for 101 covers with a further bar capacity of 110. The basement will be utilised for kitchen, staff as well as services areas to include toilets. The subjects are offered in shell condition awaiting tenant specific fit out.

Size in square feet:

3,605 Sq Ft over ground & basement levels

Other Information

Related Documents:

•   Full sales details