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Outstanding Restaurant Opportunity within Affluent Suburb of Bearsden For Sale

Glasgow North, Glasgow City, UK
Asking Price:
£75,000
Turnover:
£689,765
Net Profit:
£85,000

Lucali
151/155 Milngavie Road, Bearsden, Glasgow, G61 3DY

  • Rarely available restaurant opportunity
  • Within the desirable & affluent suburb of Bearsden
  • Designed & fitted to a high standard
  • Circa 80 covers plus bar and pavement seating
  • Surrounding operators include Bamboleo, Loop & Scoop, Romy’s, Rettie & Co
  • Close to Hillfoot Station, Douglas Park Golf Club & Boclair House Hotel
  • Strong levels of turnover & profitability
  • Long established Italian restaurant but would also suit other cuisine styles

Property Information

Property:

Leasehold

Lease Terms:

The subjects are held on a 20-year lease from 5th January 2024 with a current passing rental of £50,000 per annum, subject to 5-yearly rent reviews. There are tenant only breaks in January 2034 and 2039.

Leasehold Rent:

£50,000 per annum

Location:

The subjects benefit from a highly prominent trading position forming part of a strong retail & licensed parade which sits on Milngavie Road, within the affluent East Dunbartonshire suburb of Bearsden, approximately 5 miles northwest of Glasgow.

Milngavie Road forms part of the A81, an extremely well-travelled road which runs from Glasgow, through the Trossachs, all the way to Callander, and therefore benefits from high levels of passing traffic from tourists and daytrippers.

The subjects are situated within a busy commercial area and the parade features a good tenant mix comprising Bamboleo, Loop & Scoop, Romy’s fish & chips, The Aesthetic Club, Liggy’s Cake Co and Rettie & Co, ensuring good footfall throughout the day and evening.

Other nearby amenities include Douglas Park Golf Club, Premier Inn and Boclair House Hotel. The subjects benefit from good transport links with free on-street, car parking, and are also directly across from Hillfoot Railway Station.

Premises Details:

The subjects are accessed directly from Milngavie Road via an entrance vestibule positioned in the centre of the large display frontage with prominent signage above. There is also a small pavement seating area which benefits from electric awnings and can accommodate approximately 30 customers.

Internally, the premises were refurbished in 2024 and have been designed and fitted to an exacting standard, with no expense spared, with top quality finishings throughout, and are in walk in condition.

The ground floor is home to a stunning bar area to the left-hand side, with a stylish, fully equipped bar/servery, and there is bar seating for circa 12 customers with high stools round the bar and window seating.

The restaurant dining area is positioned to the right-hand side and the ground floor section can accommodate approximately 40 customers by way of a fixed comfy booth, fixed banquet seating and loose tables and chairs.

A contemporary staircase leads up to the mezzanine level surrounded by glass balustrades overlooking the ground floor. This area is currently set up to accommodate 34-covers but the table layout could be modified to add in an extra few covers if required.

ANCILLARY AREAS

  • Open plan commercial kitchen with feature pizza oven
  • Male/Female/Disabled toilets & baby change
  • Various ancillary storage areas

Other Information

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