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Bar Soba, 79 Albion Street Merchant City, Glasgow, G1 1NY

£1

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Glasgow City Centre
  • Turnkey Condition
  • Total Area 6,321sq.ft
  • Covers c.200
  • Premises License
  • Annual Rent £100,000 - Energy Rating G
  • Christie & Co Ref: 6854060

Description

Description

Set within the vibrant Merchant Square, which was once part of Glasgow's Old Fruitmarket.

This indoor venue is a stylish and sophisticated destination for eating, drinking and entertainment. It also has an outdoor seating area which is known for being very popular in the evening.

Location

The business is situated on Albion Street, within the Merchant City area of Glasgow City Centre. Queens Street Station is a short 10 minute walk with Glasgow Central being around 15 minutes. Both stations allow for travel throughout the UK with Edinburgh being around 50 minutes.

The Merchant City is located within a popular leisure circuit amongst various bars, restaurants and cafes. Existing tenants to include, O'Neill's, Pania. Sano Pizza, Vodka Wodka and Escape Reality.

The newly developed Candleriggs Square is a £300 million development creating a further vibrant mixed-use community. It brings a 346 build to rented homes, offices and Scotland's largest hotel (496 beds).

Internal Details

200 cover restaurant with internal and external bar with a total of 6,321sq.ft. A fully fitted commercial kitchen is situated in basement.

There are male, female and disabled toilet, with a small office within the main restaurant area.

The site is in good condition throughout and could be reopened with minimum cape. The existing fit-out suits the former branding as an Asian fusion street food dining experience however, the style and layout could also suit a variety of different concepts.

Fixtures & Fittings

The fixtures and fittings are included within the assignation and include tables, chairs and kitchen equipment.

External Details

The business is situated on the ground floor of a three storey property of blonde sandstone construction.

The is a large indoor terrace which can accommodate around 60 seated with a further outdoor space at first floor level.

On-street metered parking is available on a first come first served basis.

The Opportunity

A great opportunity to lease a licensed 200 cover restaurant within the heart of Glasgow's Merchant City.

Our clients acquired the business in 2019 and have now decided to assign the existing lease to focus on other interests south of the Border.

This would suit a hands on owner operator although could also easily fit in to an existing group.

The property previously traded as Bar Soba, an Asian fusion street food concept serving up dishes such as Katsu Curry, burgers and Pad Thai.

Tenure

Leasehold - the lease will be assigned with vacant possession with 10 years remaining (expires March 2035). The annual rent is £100,000 with a nil premium.

Business Rates

The Rateable Value as of 1 April 2023 is £50,000.

Confirmation of actual business rates payable should be obtained from the local Authority.

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

Bar Soba, 79 Albion Street Merchant City, Glasgow, G1 1NY

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • High Street (Glasgow) Station0.1 miles
  • Argyle Street Station0.3 miles
  • St. Enoch Station0.4 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6854060-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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