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Byres Road, Glasgow, G11

Offers in Region of
£70,000

£26.92 per sq ft

Business rates & charges may apply

Scottish Business Agency, Glasgow
SIZE AVAILABLE

2,600 sq ft

242 sq m

SECTOR

Restaurant for sale

USE CLASSUse class orders: Sui Generis

sui_generis_3

Key features

  • High Specification fit out, needs to be seen to be appreciated
  • Wet-led, with huge growth potential for food
  • Leasehold with a long lease remaining on good terms
  • Over £800,000 turnover in first year and growing
  • Caribbean themed concept aimed at the West End's student population
  • Bust, Student Area right across from the University of Glasgow

Description

Scottish Business Agency bring to market this truly exceptional and rare opportunity on Byres Road, Glasgow.

Rum Bongo is a Bar-Restaurant, fully refitted to an extremely high standard 1 year ago It's a prime corner unit on Byres Road, one of the main thoroughfairs in Glasgow's West End and hub of student activity.

- Rent: £60,000 ( VAT)
- Rateable Value only £25,600
- 18 years remaining on the lease
- 100 covers 260 license capacity, 1:00AM license
- Fully fitted substantial kitchen
- 70:30 Wet:Food split
- Beer tie with an option to remove
- Over £50,000 of fixtures & fittings

The business has built a strong trading history in a relatively short space of time. This is down to multiple factors such as location, quality of fit-out, concept and the carefully curated food & drink offering. Despite multiple hurdles during the past 12 months, such as extensive road improvement which had an effect on many businesses including RUM BONGO - the business has grown in reputation.

With the works complete, the frontage has become even more pleasant and better suited for customers. Students are primed to return next month, now is the perfect time to take the business on for growth. This business is a fantastic base for both an experienced and new operator in the sector. The University of Glasgow has been undergoing a £1 Billion development of a new Campus. This will bring even more students, and guarantee a higher footfall to an already busy area of the West End.

Strong trading history. Detailed financials are available upon request. Viewings strictly by appointment only, please do not approach staff directly.

Brochures

Byres Road, Glasgow, G11

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kelvinhall Station0.1 miles
  • Hillhead Station0.3 miles
  • Partick Station0.4 miles

About Scottish Business Agency, Glasgow

Mitchell Street, Glasgow, G1 3LN

Notes

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Disclaimer - Property reference SBA-0066. 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 Scottish Business Agency, Glasgow. 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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