5 St Bryde Street is a detached single storey brick built restaurant with timber cladding and surmounted by a shallow pitched roof.
Internally the subjects comprise a split level dining and bar area to the front of the premises (seating capacity approximately 30), together with patrons toilet facilities, kitchen with additional general storage located to the rear of the property externally. The premises also benefit from a slabbed courtyard area which could be utilised for additional external seating.
THE OPPORTUNITY - The premises previously traded as Auld Raes, a vibrant Scottish restaurant well known for its excellent menu and was awarded a Trip Advisor Certificate of Excellence between 2015 and 2018, and received the Scottish Food Award for best Scottish cuisine in 2017.
We envisage a hands on couple or partnership team, would be able to take advantage of the well established location and build on this previously very busy restaurant.
As the subjects are being offered on a “free of tie” basis, the new operator(s) are able to negotiate buying terms with drinks suppliers of their choice.
TRADE INVENTORY - The restaurant remains partly fitted and equipped, capable of re-opening for trade with minimal investment. The well proportioned kitchen also includes a variety of professional catering equipment.
Location
Previously trading as Auld Rae’s on the west side of St Bryde Street, opposite the village theatre, with the Main Street lying a short distance to the south west.
Main Street within the village of East Kilbride boasts a variety of retail facilities plus an extensive array of restaurants/hot food providers and has proved to be very popular attracting custom from both the town of East Kilbride and outwith.
East Kilbride is the largest town within South Lanarkshire region having a resident population of over 75,000 persons. The town lies around 10 miles south east of Glasgow and is well served by road, rail and public transport networks.
Accommodation
NIA - 829 sq ft (77.03 sq m)
Circa 30 covers
Terms
RATES - From the Scottish Assessor’s website we note the property to have a Rateable Value of £12,300.
Under the Small Business Bonus Scheme the property would qualify for 100% rates relief, subject to occupier’s status.
RENT - Rental offers of £16,000 per annum, exclusive of VAT (if applicable) are invited on the basis of a new full repairing and insuring lease of a negotiable term.
EPC - A copy of the Energy Performance Certificate is available upon request.
ENTRY - Early entry can be afforded on the conclusion legalities.
Specification
- Fantastic Restaurant Opportunity
- Long established trading location within the village of East Kilbride.
- Circa 30 cover restaurant.
- 100% rates relief available, subject to status.
- NIA 77.03 sq.m. (829 sq.ft.)
- Rent £16,000 p.a.x