City Centre Restaurant
Ground Floor
Return Frontage
778sq ft
Lease Expiry: November 2044
Passing Rent: £25,000p.a.x
R.P.I Reviews Every 3yrs
Price: o/o £275,000
Location
Glasgow is Scotland’s largest city with a population of circa 600,000 and a wider shopping catchment of 2.5 million. The subjects are located on the south
side of Sauchiehall Street at it’s junction with Pitt Street just outside the main pedestrianised thoroughfare.
This section of Sauchiehall Street has recently been transformed as part of Glasgow City Council’s £115 million ‘Avenues Program’ which includes streetscaping improvements to the public realm.
Neighbouring occupiers include Trailfinders, Nandos, Taco Bell, The Glasgow School of Art, St. Aloysius College, Dakota Hotel and The Glasgow Dental Hospital.
Property
The property forms a prominent corner ground floor commercial property within a larger traditional sandstone mixed use development.
The property benefits from return frontage onto Sauchiehall Street and Pitt Street, internally providing an open plan seating and customer area with exposed kitchen.
Area
The property has been calculated to extend to the following internal area
72.28sqm (778sq ft)
Lease Summary
The property is held in a full repairing and insuring head lease on the following terms;
Tenant: Lazord Start Ltd t/a Lamino Pizza
Expiry: 28th November 2042
Passing Rent: £25,000p.a.x
Reviews: Every 3years at the higher of RPI or OMV
Price
The property is available on a freehold basis for o/o £275,000
V.A.T.
The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time