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GLASGOW PRIME CITY CENTRE RESTAURANT TO LET / FOR SALE - GROUND & BASEMENT

For sale: POA|To rent: ROA|Residential, Mixed use, Office, Leisure Property, Pubs/Bars/Clubs, Restaurant/Cafes, Healthcare, Showroom, Other Property Types & Opportunities, Offices, Licensed & Leisure

Property details

FOR SALEPOA
TO RENTROA
ADDRESSFratelli Sarti, 42 Renfield Street, Glasgow, City of Glasgow, G2 1NF
TYPEResidential, Mixed use, Office, Leisure Property, Pubs/Bars/Clubs, Restaurant/Cafes, Healthcare, Showroom, Other Property Types & Opportunities, Offices, Licensed & Leisure
TENURETo Let, For Sale Freehold
POSTED ON22nd September 2021

Description

Iconic City Centre Building
Prime Corner Position
Ground & Basement Licensed Restaurant
Extensively Refurbished Building
Highly Desirable Location
Rent: £69,000p.a.
Price: £875,000

Location

The property is set on an enviable prime corner position at the junction of two of Glasgows busiest streets, West George Street and Renfield Street. The building will be seen in the upcoming Flash and Indiana Jones films due for release in 2022.

The Victorian style property forms the corner of the iconic former Sun Life Insurance building now being mixed use forming office and residential at upper floors. The area is prime positioned and ideal for trade with on street parking on surrounding streets and being 200yrds from Buchanan Street with unrivalled public transport links with Glasgow Central Station, Buchanan Street subway and a plethora of bus stops all within a stones throw from the property.

Neighbouring occupiers include Mozza, Tony Macaroni, Wetherspoons, Wagamama, Radisson Blue, Lloyds Banking HQ, Stack & Still, Cote Brasserie and Starbucks.

Property

The property forms the prime corner ground floor and basement of the former Sun Life Insurance building of traditional sandstone construction. The building is maintained by a central factoring company with cleaning and repairs regularly maintained. The property has recently undergone an extensive renovation externally

Accessed via double heavy timber and glazed doors, the restaurant offers open plan dining to the front with fixed oak servery, a secluded private dining room to the rear along with w.c. facilities.

The kitchen and further w.c. facilities are situated within the basement along with a fire escape leading to West George Lane to the south. The property is fitted out to an extremely high standard and every care has been taken to retain the properties original Victorian opulence and heritage. Mosaic flooring, chandeliers and traditional cornicing have all been painstakingly maintained over the years along with timber facades along the periphery, the restaurant provided a decadent yet relaxing feel for fine dining or a simple morning coffee.

Rent

The property is available on a new full repairing and insuring head lease for a negotiable term for £69,000per annum

Price

Our client would dispose of their freehold interest for £875,000

V.A.T.

Figures quoted are exclusive of V.A.T.

E.P.C.

A copy of the E.P.C. will be made available for any interested party

Title

Available on request


Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Location

marker
Location: Fratelli Sarti, 42 Renfield Street, Glasgow, City of Glasgow, G2 1NF

Glasgow Central (0.1 miles)

Glasgow Queen Street (0.2 miles)

Argyle Street (0.3 miles)

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