Elgin Branch

62 High Street
Elgin, Moray
IV30 1BU
t: 01343 610520
e: info@cclproperty.com

Edinburgh Branch

Hudson House
8 Albany Street, Edinburgh
EH1 3QB
t: 0131 473 1192
e: info@cclproperty.com

Bothwell Street, Glasgow, G2 7JZ

£60,000Leasehold

Key Information

Tenure:Leasehold
Service charge:Not available
Ground rent:Not available
Time remaining on lease:Not available
Council tax band:Not available

Key Features

Prime city centre location
Substantial street frontage
Exceptionally well equipped
Flexible layout
Leasehold - new lease to be negotiated
High volumes passing trade

Description

A prime restaurant space on Bothwell Street in Glasgow's City Centre, formerly home to Wolf Italian Street Food, is available for lease, offering 192 square meters of fully equipped dining and kitchen areas. This high-visibility location benefits from excellent transport links, substantial foot traffic, and proximity to major companies like PwC and JPMorgan Chase. The restaurant, which previously catered to professionals with weekly sales of £3,000 to £5,000, features diverse seating options, a versatile expansion room, and operated from 8:00 AM to 3:00 PM without an alcohol license. This presents a unique opportunity for culinary entrepreneurs to tap into a dynamic market and expand their business in a bustling area.

This prime restaurant space, formerly home to Wolf Italian Street Food, is now available for lease in the bustling heart of Glasgow's City Centre. Situated on Bothwell Street, this location is ideal for attracting both local residents and tourists, with excellent connectivity to major transport links, including the M8 motorway, subway, and bus routes.


Key Features:


Size: The property spans a total area of 192 square meters, with a main dining area of approximately 95 square meters.


Equipment: The restaurant is fully equipped with hot and cold counters, fridges, a service area, ovens, and drink fridges, complemented by a large, fully equipped kitchen designed for high-volume operations.


Seating Options: The dining area includes a variety of seating options, such as bar-style seating and traditional tables and chairs, catering to diverse customer preferences.


Visibility and Accessibility: With substantial street frontage, the restaurant enjoys high visibility and attracts significant foot traffic, especially from nearby office workers.


Potential for Expansion: A large, versatile room offers a blank canvas for expanding operations or creating a unique dining experience.


Business Potential:


High Foot Traffic: Located in a hub for major companies, including PwC and JPMorgan Chase, the area experiences high foot traffic from office workers, providing a steady stream of potential customers.


Dynamic Environment: The lively environment of Glasgow's City Centre, combined with a population of over 635,100, creates a dynamic setting perfect for business.


Customer Base: The restaurant previously catered to professionals in the city's financial and services districts, achieving weekly sales between £3,000 and £5,000.


Additional Information:


Operating Hours: Previously operated from 8:00 AM to 3:00 PM, targeting the busy workday crowd.


Licensing: The restaurant did not have an alcohol license, presenting an opportunity for new operators to explore this avenue.


Facilities: Includes a single WC for customer convenience and a rear fire exit that provides access to the bin storage area, ensuring efficient waste management.


This property presents a rare opportunity for culinary entrepreneurs to establish or expand a venture in a bustling and highly visible location. With its strategic position amidst numerous offices and businesses, it is a convenient choice for workers seeking a quick, flavourful meal. The combination of location, equipment, and potential for growth makes this an exceptional opportunity in Glasgow's vibrant market.



Lease Terms
The property is available on a new full repairing and insuring lease of negotiable length.

Tenure
The business is being sold on a leasehold basis.

Rateable Value
The property is currently entered in the Valuation Roll at ÂŁ44,500.

100% rates remission may be available to qualifying occupiers under the Small Business Bonus Scheme.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ316 /mo.25 Years, 5% Interest
Loan
ÂŁ54,000
Total Repay
ÂŁ94,704

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ0

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