FOR SALE
20/04/24
610081
610081 / Rightbiz
LOCATION
Glasgow is Scotland’s largest city and is situated in the central belt and on the west coast. There are four main motorways which run through the city putting it at the hub of Scotland’s road network. The town sits approximately 50 miles west of Edinburgh and connects the central belt via the M8 motorway network.
Byres Road is the principal retailing thoroughfare within the heart of Glasgow’s affluent West End. The property is located in a prime retail pitch on the east side of Byres Road close to its junction with Great Western Road (A82). Hillhead Underground and Kelvinbridge Underground stations are in close proximity. Occupiers represented in the nearby vicinity include Waitrose, Papyrus, Waterstones and Glasgow Grosvenor Hotel.
DESCRIPTION
The subjects comprise a double retail unit trading as a Class 3 hot food restaurant within a retail parade, of masonry construction, under a pitched and slated roof. The property is arranged over three floors, including basement and mezzanine.
The property has a timber and glazed frontage and is accessed via a single pedestrian door per unit. There is a customer dining area to the front and the commercial kitchen is to the rear. The kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is covered in laminate and the walls are finished with plaster/paint. Artificial lighting is provided via pendant fixtures. A small mezzanine has been formed in one unit and access to the basement is gained via stairwells to the rear of each unit. The basement accommodates a kitchen, chill room, storage and welfare facilities.
TRADING INFORMATION
The Burger Cartel is a hot food restaurant which benefits from Class 3 consent. The current operators have decided to sell the business due to a change in circumstance, thus creating an exciting self-employment opportunity. The business benefits from high levels of repeat custom from locals.
PRICE
Offers in the region of £95,000 are sought for our client’s leasehold interest in the property including the goodwill of the business, fixtures and fittings. Stock will be available at valuation.
TENURE
The lease is available by way of assignation, for the residual term of the lease, which expires in August 2027. The current rent is £48,000 per annum. The rent is subject to an open market rent review in August 2023. There is the option to extend the lease, subject to approval.
RATEABLE VALUE
According to the Scottish Assessors Association, the subjects have a Rateable Value of £36,250 effective from 1st April 2023.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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