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Class 3 Investment Opportunity, Razias Indian Restaurant, 10 Stirling Street, Airdrie, ML6 0AH
2,325 Sq Ft / Leisure
Withdrawn - Last updated: 04 May 2023
Summary
Attractive ground floor restaurant premises forming part of larger red sandstone tenement building where the upper floors are used as offices
Internally provides very well fitted restaurant accommodation over ground floor level with approximately 70 covers
Kitchen and WC’s are found to the rear
Parking is provided to the back of the property with rear access ideal for deliveries
Key Points
Well-fitted and established Indian Restaurant t/a Razias in heart of Airdrie Town CentreLet to S & AP Ltd – personal guarantee from private doctor relative of tenant in placeRazia’s is a highly rated successful family run Indian Restaurant with 509 Just Eat Reviews averaging 5.5/6 StarsLet on FRI termsc5.5 year unexpired with no breaksPassing rent of £20,000 per annumUpwards only rent review in September 2025Offers over £250,000 invited = NIY of 7.83%Elected for VAT however anticipated to be treated as a TOGCLocation
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 in the heart of Airdrie town centre on the north side of Stirling Street by its junction with Bank Street
Stirling Street connects with Graham Street to the east. The two street are in the principal retail streets of Airdrie with high volumes of passing traffic and footfall
Airdrie Railway Station is a 5-minute walk south whilst regular bus services operate on Stirling Street
Neighbouring occupiers include Farmfoods, Baynes Bakers, Paddy Power and British Heart Foundation
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