Vacant Public House, 427 Sauchiehall Street, Glasgow, G2 3LG

A rare opportunity to purchase a new lease for a licensed bar and nightclub in Glasgow City Centre. The property previously traded as Broadcast however, is now available and benefits from having a 3am license. It is situated over ground and basement with mezzanine.

The ingoing operator will be required to invest some capex prior to trading.

The property is situated on Sauchiehall Street in Glasgow City Centre.

Glasgow is the most populous city in Scotland and, with a population of 622,820 (2022 census), the third most populous city in the UK. It offers a blend of internationally acclaimed museums and galleries, renowned concert and conferencing venues, stunning architecture, vibrant night-life, shopping and a diverse array of restaurants and bars, making the city an increasingly popular business centre and tourist destination for short breaks.

The city is well served by transport connections via air, road, rail and bus and has immediate access to the central Scotland motorway system via the M8 and the M74. Glasgow Central Station is around a 15 minute walk from the property with Queen Street Station around 20 minutes.

Entry is provided via double doors to the front of the property, a stair case is to the right which provides access to the basement level which can accommodate c.160 standing. This area was used for gigs/live music events. A fully fitted bar is located to the rear. A shell kitchen space is also situated to the rear however, will require F&F prior to trading.

The main bar is situated on the ground floor to the rear as you enter the property, male and female toilets are to the left with a small staircase to the rear leading to an office with toilet. A small corridor leads to other rooms which are utilised for storage. The ground floor can accommodate 180.

The ingoing tenant will benefit from use of the existing fixtures and fittings.

The category B listed property occupies the ground and basement floors of a four storey tenement building. There is unrelated residential flats above. On street paid for parking is available on a first come first served basis.

The property had previously traded as Broadcast for around 10 years however, is now vacant and being offered on new lease terms. This area of Glasgow is well known for hosting live events, gigs and is surrounded by other late night businesses such as The Garage, NiceNSleazy and Box.

Our clients are seeking an experienced operator and it is of our opinion that it would be well suited to a hands on operator although could easily be added to an existing group under the correct management.

Although the area is popular amongst students and locals for late night events, the property would suit a variety of different concepts and may also benefit from the introduction of a consistent food offering.

According to the Scottish assessors for April 2023, the rateable value for the property is £36,000. Confirmation of actual business rates payable should be obtained from the Local Authority.

Premise license (3am).