Bar / Nightclub for sale

Maryhill Road, Glasgow, G20

Offers Over £550,000
4,625 sq. ft.

Property Description

Commercial information

  • 4,625 sq ft (429 sq m)
  • Use class orders: A4 Drinking Establishments and C3 Dwelling Houses

Key features

  • Prominent landmark building on extremely busy arterial road
  • Well appointed bar, function suite and snooker/pool bar
  • Excellent potential for business expansion
  • 6 flats(1 & 2 bedrooms) - let on short assured tenancies
  • Current rental income of flats (3,200 p.c.m.)
  • Offers over 550,000 invited

Full description

Tenure: Freehold

Location

The subjects occupy a highly prominent and visible location at the
corner of Maryhill Road and Ruchill Street as shown on the attached
location plan. Maryhill Road (A81) is a main arterial route in the
north west of Glasgow connecting the city centre to the suburbs of
Milngavie and Bearsden. As a consequence, the property benefits
from extremely high levels of passing traffic and there are a number
of bus stops within a short walking distance.

The subjects are situated next to a Kwik Fit, a McDonald's Drive
Thru Restaurant and it is directly opposite the Maryhill Tesco Extra
Superstore.
Description

DESCRIPTION
The subjects comprise a 2 storey attic and basement property
constructed in sandstone and brick. The roofs are pitched and
slated and there is a flat roof section mainly over the function room
area. There is a rear car park and Framptons has 10 dedicated
spaces. A full CCTV system monitors both external and internal
areas.

Public Bar/Ancillary Facilities
There is a well appointed (L-shaped) bar area plus male and female
toilet facilities. Off the bar is a corridor to a fully fitted kitchen, 3 office
rooms, various storage areas, a freezer room and staff toilets. A
further corridor gives access to basement workshop/storage space,
toilets plus cellarage with a delivery hatch to Ruchill Street.

Nightclub Area/Function Suite
This can be accessed internally from the bar area and also directly
from Maryhill Road. The entrance leads to a reception foyer,
cloakroom and modern male and female toilet facilities. There is a
dance floor, a raised timber stage and a modern fully fitted bar and
heating is by warm air blowers. Our clients advise that the suite can
comfortably seat around 200 patrons.

Snooker/Pool Bar
These facilities are at first floor and there is an area with 2 pool tables
and a bar plus a linked section, with a full size snooker table. There
are both male and female toilet facilities off the first floor landing.

Flats
The 6 flats are accessed from Ruchill Street where there is a secure
entry system and they comprise the following:-

Flat No. Accommodation Occupation Rent p.c.m.
1 (2nd Floor) 2 rooms, kitchen & bathroom Tenanted 500
2 (1st Floor) 3 rooms, kitchen & bathroom Tenanted 600
3 (1st Floor) 2 rooms, kitchen & bathroom Tenanted 350
4 (2nd Floor) 3 rooms, kitchen & bathroom Tenanted 600
5 (2nd Floor) 3 rooms, kitchen & bathroom Tenanted 600
6 (2nd Floor) 2 rooms, box room, kitchen & bathroom Tenanted 550

The tenanted flats are let on Short Assured Tenancies and all the
flats have a Council Tax Banding of B.

FLOOR AREAS
According to our calculations the approximate floor areas of the
main accommodation, excluding toilets and ancillary facilities are
as undernoted:-

Public Bar 93.93 sq.m. (1,011 sq.ft)
Nightclub/Function Suite 185.00 sq.m. (1,991 sq.ft)
Pool Bar 150.70 sq.m. (1,623 sq.ft)

LICENCE
We have been verbally advised by our clients that the premises
operate under an entertainment license from 11 am until 2 am 7
days a week. In addition the license provides for external seating
for 12 patrons.

RATING
We are informally advised by the Assessor's Department that
Framptons trading premises have a Rateable Value of 22,200. It
should be noted a new owner will have the automatic right to appeal
this Rateable Value figure.

SALE TERMS
Our clients have traded from the subjects for approximately 25 years
and this opportunity is available due to the current Directors plans
for retirement. We believe there is considerable scope for increased
profit and business expansion.

Offers over 550,000 are invited for the purchase of our client's
heritable interest, goodwill plus fixtures and fittings relating to the
business but excluding the stock and trade which can be paid for
at an agreed price at the date of entry. The flats are included in the
sale, subject to, and with the benefit of, the existing tenancies.

Given that all the flats are tenanted, it may be problematic to provide
viewings and consequently in that instance, offers subject to survey
will be accepted. In the event that an offer subject to survey is
accepted, the offeror will have a limited time period to have the survey
condition removed before legal matters are formally advanced.
Trading information along with copies of the lease documentation
for the flats can be made available to genuine interested parties after
a formal viewing of the subjects has taken place.

EPC
Available upon request.

DATE OF ENTRY
By mutual agreement.

VAT
Our clients have elected to waive exemption to VAT and accordingly
VAT will be payable on the purchase price.

It may be possible for the transaction to be completed by way of
a TOGC however, interested parties will require to seek their own
financial advice in this regard.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in
the transaction.


More information from this agent

Nearest stations

  • Gilsochill (0.7 mi)
  • Summerston (0.8 mi)
  • Hillhead (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

220 St. Vincent Street Glasgow G2 5SG

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Gilsochill (0.7 mi)
  • Summerston (0.8 mi)
  • Hillhead (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

220 St. Vincent Street Glasgow G2 5SG

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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