Restaurant for sale

68 Ingram Street - G1

£325,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well Performing City Centre Restaurant
  • Capacity for Approximately 160 Covers
  • Fantastic Merchant City Location
  • LEASEHOLD

Full description

Tenure: Leasehold

Situation
Qua Italian Restaurant boasts a prominent location on the corner of Ingram Street and Albion Street in Glasgow’s Merchant City, just minutes from George Square, what is arguably one of the most enviable trading locations in Scotland.

An extensive regeneration programme has earned the area a reputation both locally and nationally as a trendy, modern, vibrant part of town. There is however further development planned to create additional office and residential accommodation in the immediate vicinity, which once complete will add considerably to the desirability of the current site.

Description
Qua Restaurant is a very busy and highly profitable business located within Glasgow’s Merchant City, which has been placed on the market due to the current owners impending retirement. The current business is in excellent repute and has received several favourable reviews in the List Magazine, Daily Record as well as the Evening Times. Various websites also give excellent customer reviews.

The restaurant enjoys huge volumes of passing trade, much repeat custom, as well as large and small parties all year round. As you would expect, the restaurant is open 7 days a week and has in recent years proved itself successful with sustained high turnover and healthy profits, as displayed in the trading figures.

An informative user friendly website gives the business an excellent online presence, www.quarestaurant.co.uk which will be included in the sale.

The current menu is extensive and split between set, a la carte, and pre theatre options. Various specials are always on offer according to seasonal variations and the focus is on fresh, modern Italian food.

The business will afford the new incumbents the chance to reap the benefits of its current success, as well as the chance to exploit various expansion and growth potentials if they so wish.


Building External
The property forms the ground floor of a modern building in traditional style. Presentation throughout is modern and of good quality. As such the subjects are offered in true walk-in condition.

Building Internal
Accessed via the main door on Ingram Street, the restaurant area at ground floor level has capacity for around 100 covers. Two separate mezzanine level areas have a mixture of fixed and movable seating and allow for around a further 60 covers, ideal and popular for private parties and functions away from the main restaurant.

Building Internal
As expected, there are extensive service areas and fully equipped commercial kitchens over two levels, as well as the bar areas, staff areas and modern ladies and gents toilets.

Services
We have been advised that all mains services are connected.

Legal
The business trades with the benefit of the new premises licence.

Offers Over £325,000 for fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Tenure
The property is held on the Scottish equivalent of Leasehold. We are informed that there are 14 years remaining on the Lease with a current rent of £65,000 per annum. Prospective purchasers of this business are advised to take independent legal advice on the Lease, a copy of which will be made available to solicitors acting on behalf of prospective purchasers.

Accounts
Full trading information will be made available to seriously interested parties after a formal viewing has taken place.

Summary
The sale of Qua Italian Restaurant offers a rare opportunity to purchase an extremely well presented and successful business which has further expansion potential. The location coupled with the current success makes the opportunity hugely desirable.


Nearest stations

  • High Street (Glasgow) (0.1 mi)
  • Argyle Street (0.3 mi)
  • Glasgow Queen Street (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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

  • High Street (Glasgow) (0.1 mi)
  • Argyle Street (0.3 mi)
  • Glasgow Queen Street (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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.

Disclaimer - Property reference 38813. 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 ALTIUS GROUP LIMITED, Bruce & Co. 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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