Are you looking for free of tie leases available in Glasgow ? We have an interesting leasehold come to market at The Avant Garde
The property is located in the ever popular area of the Merchant City commanding a corner position on King Street. Two separate entrances allow for ease of access to the main bar area and the restaurant located towards the rear of the building. A third entrance leads directly to the function room. Predominately glass fronted on all sides it commands the area it is located in. Despite the mixture of retail, office and leisure businesses that surround it it is a venue that easily easily recognised as you approach it.
Commercials
Leasehold: £150,000, Annual Rent: £30,000
City centre location Bar/restaurant
48 covers
Fully fitted commercial kitchen Large basement area
Real growth potential. Energy Rating G
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Free Of Tie Leases Available In Glasgow – Avant Garde Now Available
Location
The Merchant City is the area close to George Square and Glasgow City Chambers, and reaching Glasgow Cross, some parts dating from the medieval period, in the centre of Glasgow, Scotland. It contains offices, flats, retail shops, restaurants, and bars. It is also home to the former Royal Exchange at Queen Street, the Gallery of Modern Art, City Halls & Old Fruitmarket, Merchant Square, and the Scottish Youth Theatre. It hosts many annual festivals.
The Merchant City has been promoted and built up in recent years as a residential, shopping and leisure area, mirroring Covent Garden in the West End of London. To this end many new bars and restaurants have been established. This has been complemented with the building of prestigious new housing developments, often by restoring Victorian buildings. A recent example being the GPO Building development in George Square.
Internal Details
Set up for live music the bar area is open and spacious with the well stocked bar centrally located on the ground floor. There are currently 48 covers for the main restaurant area that is serviced by the fully functioning commercial kitchen located just o the main restaurant area. There is seating throughout the bar area that allows patrons to both enjoy a drink and a small bite to eat.
A large basement area doubles the size of the venue and could easily be developed to accommodate or extend the capacity of the property.
To the side of the venue is a further function area that can be used for small conferences etc.
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Free Of Tie Leases Available In Glasgow – Avant Garde Now Available
The Opportunity
A very popular live music venue within the Merchant City area of Glasgow, it will provide an excellent opportunity for an owner operator to take over this established pub/restaurant. Development of the basement area will only further enhance this business whilst the adjacent function room provides added options for any incoming operator.
Fixtures & Fittings
All fixtures and fittings are included in the sale and are presented to a high standard
Staff
Fully staffed and managed. Staff details will be provided after a formal viewing has taken place.
Free Of Tie Leases Available In Glasgow – Avant Garde Now Available
Trading Information
Accounts will be provided after a formal viewing has taken place.
Tenure
The business will be sold with the remainder of the 10 year fully repairing and insuring lease. Annual rent £30,000.
Free Of Tie Leases Available In Glasgow – Avant Garde Now Available
Business Rates
Currently paying zero rates
Trading Hours
Wednesday 11am–12am Thursday 11am–12am Friday 11am–12am Saturday 11am–12am Sunday 12:30pm–12am
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
