0 Bed Takeaway For Sale

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 £265,000





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 £265,000



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