The Leasehold of the former highly popular Yvandis Restaurant in Gourock is available to purchase following the recent closure of the business and is available to purchase through Bowman Rebecchi - The Home of Property.
Previously Fusion, the current leaseholders took over the property in March 2024 and have created a superb restaurant in walk-in condition for a new operator.
The asking price is £40,000, which includes the fixtures and fittings, with a full list available outlining what is included in the sale.
Interested parties should contact Bowman Rebecchi for further information.
AN INTIMATE RESTAURANT
This superb restaurant has been a highly successful location for its previous operators, with its superb cuisine and range of local produce proving popular with locals and visitors from afar.
Entry is via a stairwell at the side of Hopeton Street to the first floor, with the reception providing access to the kitchen, large dining area, private dining area, and welfare facilities.
The main dining room is to the rear and a good size, with tables and chairs available if required with approximately 36 covers that overlook Shore Street.
The private and more intimate dining area is to the front of the restaurant, overlooking Hopeton Street, and provides space for approximately 22 covers.
At the east side of the building is the kitchen area, which is in walk-in condition and provides a small but functional cooking space, with a large overhead flue installed alongside a gas-burning stove and oven.
The food preparation and cleaning area is located just off of the kitchen, with several fridges and a freezer available, as well as a hot griddle, ice maker, and several sinks in situ.
On the second floor is the former office which was previously a flat for the live-in owners. In need of some modernisation, this provides several opportunities for new occupiers for storage, office, or residential space depending on their needs.
A superb opportunity, this property is priced to support the early entry of a new operator.
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi.
Location
The subjects are located above the prominent Victoria Bar on Shore Street in Gourock, adjacent to the main A770 road which leads to the town centre.
Gourock is located approximately 28 miles west of Glasgow on Scotland's West Coast, with a residential population in excess of 10,000 persons and a core catchment population of approximately 270,000 persons, all within the authority of Inverclyde Council.
With a rich maritime heritage, Inverclyde is looking again to the River Clyde to support its future growth, with Greenock Ocean Terminal developing a new pontoon and visitor centre to support its 140,000 cruise liner passengers per annum, with Inverclyde seeing over 500,000 visitors per annum.
For tourists, ferry services to Argyll and Bute are nearby, as-is Greenock Ocean Terminal, for the embarkation of cruise ships, as well as Kip Marina, for access to the beautiful sailing waters of the Clyde.
The unique and iconic Gourock Outdoor Pool is also less than an 8-minute walk with Gourock railway station a 5-minute walk.
Businesses in Gourock include Amazon and CalMac Ferries headquarters, with the main Inverclyde Royal Hospital less than a mile away in the neighbouring town of Greenock.
Accommodation
Floor - 117 Sq M | 1,260 Sq Ft
Terms
CURRENT LEASE
The current lease has 9.5 years left, expiring in 2034 with an annual rental amount of £12,600. There is a break option in 2031 also for both parties. A copy of the lease is available upon request, with an extension to the current lease potentially available.
TURNOVER
The business was operating on a projected first-year turnover of £325,000. A full breakdown of this can be provided to interested parties.
SAT NAV
The postcode for the property is PA19 1PG. Access is from the A770 on Shore Street, with on-street parking available.
Rates: From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £9,800. The property qualifies for 100% rate relief through the Small Business Bonus Scheme, subject to occupier status.
EPC: A copy of the Energy Performance Certificate is available upon request.
Entry: Early entry is available.
Terms - The subjects are available to lease on full repairing and insuring terms. Each party is to be responsible for its legal costs and outlays, including VAT incurred.
Price - Our client is seeking offers of £40.000 exclusive of VAT for their leasehold interest, on a sold-as-seen basis. This includes all fixtures, fittings, and most of the internal equipment. Some items are owned by the landlord and a list can be provided.
Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.
Specification
- Fantastic Gourock Town Centre Location
- Leasehold Purchase For Highly Popular Restaurant
- 100% Rates Relief Available Subject To Status
- Rarely Available Opportunity
- Sensibly Priced To Attract Long-Term Tenant
- Walk-In Condition
- Fully Fitted Kitchen
- Large Dining Room With Private Dining Space Included
- Opportunity To Expand Into Second Floor
- On-Street Parking
- Gourock Railway Station - 3 Minute Walk
- Gourock Town Centre - 3 Minute Walk