Timed Online Auction

21 October 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 42 Renfield St, Prime City Centre Restaurant, Glasgow, G2 1NF

PRIME CITY CENTRE Ground and Basement Licensed Restaurant within an extensively refurbished iconic City Centre Building. ** RENTAL POTENTIAL up to 85,000pa . Previously let as Sarti's Restaurant, prime trading position in city centre.

The property forms the prime corner ground floor and basement of the former Sun Life Insurance building within Glasgow city centre. Traditional building maintained by a central factoring company.

The property has recently undergone an extensive renovation externally. ** RENTAL POTENTIAL up to 85,000pa . Previously let as Sarti's Restaurant, prime trading position in city centre.

Admired restaurant premises with completely open plan dining area, enviable prime corner position at the junction of two of Glasgow' busiest streets (West George Street and Renfield Street).

Neighbouring occupiers include Tony Macaroni, Wetherspoons, Wagamama, Radisson Blue, Lloyds Banking HQ, Stack and Still, Cote Brasserie Glasgow, Starbucks and many more.

RENFIELD STREET RESTAURANT CITY CENTRE GLASGOW. The property forms the prime corner ground floor and basement of the former Sun Life Insurance building of traditional sandstone construction. The building is maintained by a central factoring company with cleaning and repairs regularly maintained. The property has recently undergone an extensive renovation externally. Accessed via double heavy timber and glazed doors, the restaurant offers open plan dining to the front with fixed oak servery, a secluded private dining room to the rear along with w/c. facilities. ** RENTAL POTENTIAL up to 85,000pa . Previously let as Sarti's Restaurant, prime trading position in city centre. Other nearby income generators include The Kings Theatre, several large city centre hotels and the Park financial and residential district. Finnieston and the SECC are a short walk away as is Charing Cross railway station. This is a first-class trading location within an established licensed area. The subjects are ideally located to capture both midweek office and retail trade plus weekend trade from the city centre and west end. Lots of on street and multi story car parking available.

Excellent location within 5 minutes of Glasgow's 2 main train stations (Central Station and Queen Street Station) and within 2 minutes of Buchanan Street - the premier shopping and entertainment locations within the city. The Victorian style property forms the corner of the iconic former Sun Life Insurance building now being mixed use forming office and residential at upper floors. The area is prime positioned and ideal for trade with on street parking on surrounding streets and being 200yrds from Buchanan Street with unrivalled public transport links with Glasgow Central Station, Buchanan Street subway and a plethora of bus stops all within a stones throw from the property.

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Location

Pricing Information & Bidding

Opening Bid: £765,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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