Class 3 (Sui Generis) Licensed restaurant & Bar Opportunity. Occupying a prime trading location in central Glasgow. Located on St Enoch Sq, adjacent to Buchanan St & Argyle St. Central to new Glasgow city centre masterplan. Ground floor & basement of the Iconic Teacher Building. 101 proposed restaurant covers & 110 Bar capacity. Shell/partly fitted interior awaiting full tenant kitchen and front of house specification. Rent £75,000.
***price shown is annual rent ***
LEASEHOLD NIL PREMIUM
RENTAL DEPOSIT REQUIRED
The subjects occupy a prime location 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, and in the next few years, this will be centred around the immediate area of the subjects. The immediate surrounding area has already undergone significant transformation with the addition of more than 1000 hotel rooms.
The availability of the subjects represents a superb opportunity for a highly motivated and experienced operator to take over a prominent and well-appointed site in one of the most sought-after trading locations in Glasgow. The site will appeal to a multitude of licensed and leisure operators, as it offers a real blank canvas for a wide variety of trading styles.
The landlords will offer a new FRI lease. Tenant incentives may be available, subject to a covenant. Initial rent will be £75,000 per annum. We are awaiting a rateable value assessment.
