FOR SALE
26/05/22
446
FRATELLI / Rightbiz
Former Fratelli’s Restaurant
85 Glasgow Road, Cambuslang, G72 7DW
· Substantial restaurant/licensed premises opportunity
· First floor offers potential for event/functions space, studio/gym/ offices
· Prominent roadside trading position with car park (30)
· Approx. 8,000 Sq Ft over ground and first floors
· Ground c. 4,337 Sq Ft/ First c.3,623 Sq Ft
· Previously traded as 120 cover restaurant and function suite (180)
· Layout allows for possible drive through opportunity
LOCATION
The subjects benefit from a highly visible, prominent roadside trading position on the north side of Glasgow Road, on the outskirts of Cambuslang town centre. Cambuslang is a popular and ever-expanding suburb that lies approximately 5 miles south-east of Glasgow.
Cambuslang has a population of approximately 30,000 people which is growing all the time with new residential developments but also forms part of the Greater Glasgow conurbation with a population of approximately 1 million residents.
Glasgow road is a continuation of the Main Street and forms part of the A724, an extremely well-travelled road linking Cambuslang with the city of Glasgow as well as the towns of Rutherglen, Blantyre and Hamilton. The large town of East Kilbride is also only 3.5 miles away.
The subjects are only a short walk from the Railway Station and the town centre, and the Main Street is home to a good mix of local and national retailers, offices, pubs and restaurants, ensuring the area is a hive of activity both day and night.
THE PROPERTY
The subjects comprise this substantial, 2-storey brick-built property, thought to date back to the 1970’s, all under a flat roof. There is a single-storey projection to the front under a pitched tiled roof.
The subjects benefit from a substantial car park for approximately 30 cars. The car park wraps around the property with access from either side, so could provide a drive-through opportunity.
DESCRIPTION
The main entranceway to the ground floor restaurant area is positioned to the left-hand side of the property and there is a separate main entrance to the first floor positioned to the right-hand side of the property.
The ground floor area has been predominantly stripped out, providing a blank canvass ready to be fitted out to suit the new operation. There is a large reception/bar area upon entry which leads into the main restaurant which
The first-floor area provides a large open plan function/event space with the original hardwood floor throughout. There is a bar/servery counter in the corner as well as sound and lighting equipment throughout. This area is bright and airy with lots of windows providing natural light. This area traded as a function suite, hosting regular functions and events, however would easily lend itself to a variety of uses including a studio, offices or gym.
ANCILLARY AREAS
Both floors benefit from their own separate kitchen areas, beer cellars, storage areas, as well as their owns male and female customer toilets. Disabled toilets can be found on ground floor also.
SIZE
We understand the premises have the following gross internal areas:
Ground: 402.9 SqM (4,337 SqFt)
First: 336.6 SqM (3,623 SqFt)
Total: 739.5 SqM (7,960 SqFt)
BUSINESS RATES
The subjects are entered into the current valuation roll as having a rateable value of £52,500. If the floors are let separately then these will need to be reassessed.
LICENSES
The property benefits from a premises licence.
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.