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Restaurant Investment Opportunity, Il Capo, 121 Hallcraig Street, Airdrie, ML6 6AW
2,475 Sq Ft / Leisure
Withdrawn - Last updated: 09 November 2023
Summary
End-terraced licensed restaurant premises situated on busy main arterial route let to Eat Airdrie Ltd t/a Il Capo
Il Capo is a highly rated successful family run Italian restaurant ;
Number #1 Restaurant in Airdrie – TripAdvisor
391 TripAdvisor Reviews– Average of 4.5 Stars
461 Google Reviews – Average of 4.5 Stars
1,156 Just Eat Reviews – Average of 4.5 Stars
The subjects are let on FRI terms at a low passing rent of £22,500 per annum with a personal guarantee in place, lease expiry 2024.
Opportunity to renew with current tenant / owner-occupy at expiry.
Key Points
Highly popular local restaurant with superb local reputationNumber #1 of 46 restaurants in Airdrie - TripAdvisorOpportunity to renew with current tenant / owner-occupy at expiryLow passing rent of £22,500 per annumLease expiry in February 2024Personal guarantee in placeOffers over £270,000 = 8.13%Location
Airdrie is a well populated town (c.35,000) located within the North Lanarkshire Local Authority Region located approximately 12 miles east of Glasgow
More specifically the subject property is situated on the south side of Hallcraig Street by its junction with Forsyth Street a short distance east of Airdrie town centre
Hallcraig Street is a busy main arterial route with high volumes of passing traffic and is in a densely populated residential area
Airdrie Railway Station is a 10-minute walk south-west
On-street parking is provided whilst there is a large public car park adjacent to the subjects
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