DESCRIPTION
Secession is part of Webster’s Theatre and Venue. Webster’s is the former Lansdowne Parish Church, constructed around 1863.
The property and title has been split. The Webster’s Theatre will continue to operate as normal, providing its audiences with a variety of very popular theatrical performances and events.
Secession is formed within a clearly defined part of the property, which is being separated. It is important to note that the main church and steeple do not form part of the sale and will remain in the ownership of Webster’s Theatre, as will the maintenance liability for that part of the property. Secession is being sold as a separate building, with its own operating accommodation, kitchen and toilets and separate services, etc.
Location
Glasgow is Scotland’s most populous city, with a population of approximately 650,000 persons. The city boasts 6 principal universities and colleges, with a student population of over 185,000 students from 140 countries.
Secession is at the heart of Glasgow’s West End, in the prime affluent student and professional location, on Great Western Road, virtually adjacent to Kelvinbridge Underground. There are many complimentary bars and restaurants within the immediate area.
The property is very close to the Glasgow University’s campus. The property is on Great Western Road voted the third “coolest” street in the world in 2022.
Accommodation
GROUND FLOOR
Secession Bar
Delightful bar/cocktail bar and restaurant, seating approximately 50 persons, with a snug area to the rear, seating a further 15-20 persons. There is an ornate bar servery with many traditional architectural features.
Accessible Toilet
Customer Toilet 2
Beer Cellar
Kitchen
Commercial kitchen, fully fitted with commercial catering equipment.
FIRST FLOOR
Principle Function Room
There is a large function room with a capacity for approximately 60 persons, which is a very popular wedding and function venue.
Meeting Room/Private Dining Room
There is a separate meeting room/private dining room for 22 persons.
Ladies Toilets
Gent’s Toilets
Store Room
EXTERNAL
Beer Garden
There is an external beer garden area to the front with seating for approximately 20 persons.
NOTE – The floor plans provided are indicative and the common access areas are being finalised.
Terms
RATEABLE VALUE
The premises are currently assessed as a single entity. Upon the lease of the property, the premises will be separately assessed for rating purposes.
SERVICES
We understand that the premises are connected to all mains services, including gas, drainage and electricity. Heating is from a gas fired central heating system. The services between the buildings are separately metered.
PREMISES LICENCE
At present, there is a single premises licence over the entire property. An application is to be lodged to provide a separate premises licence for Secession.
EPC
An EPC is available upon request.
THE OPPORTUNITY
Secession is currently operated under a short term licence. No trading information is available.. However, all fixtures, fittings, furnishings and equipment within the property are available to purchase.
This is a rare opportunity to occupy a prime west end asset, which is fitted and ready to trade. We anticipate an incoming operator will focus on quality food, alongside wet sales and functions.
PRICING
The property is available on a new long lease, anticipated to be for a period of 10 to 20 years. A guide rent is sought of £40,000 per annum with 5 year rent reviews. We anticipate premium offers for the equipment and new lease.
VIEWING AND FURTHER INFORMATION
Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.
ANTI MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.