O'sole Mio Restaurant, Bath Street, Glasgow, Glasgow City

City Centre Location
Ground & Basement
Tenant In Operation Since 1965
Lease Expiry: May 2035
Passing Rent: £30,000p.a.
Price: o/o £425,000

Location

The property is situated on the north side of Bath Street at its junction with West Nile Street in Glasgow City Centre.

The property is a short walk to Buchanan Street and Sauchiehall Street retailing precincts with parking available on street on Bath Street or in the nearby Buchanan Galleries car park.

Neighbouring occupiers include Rolex, Ladbrokes, Evans Cycles, Starbucks, Yiamas Greek Taverna and Holland & Barrett.

Property

The property forms the ground floor and basement within a larger traditional sandstone development surmounted by a pitched roof.

Internally, the property is presented in a traditional trattoria style with a mixture of booth and loose tables and chairs to the front with kitchen to the rear. Disabled w.c facilities are at ground floor with further customer w.c facilities, staff room, office and stores located in the basement.

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: OSM (Bath St) Ltd
Expiry: 27th May 2035
Passing Rent: £30,000p.a.
Further Info: O Sole Mio is one of the cities oldest restaurants, having opened its doors in 1965 it has been a main stay within the city centre culinary scene.
Following the consent to demolish its former building (50yrds along Bath St) the business relocated to its new home at 22 Bath St.

Price

The property is available on a freehold investment basis for o/o £425,000

V.A.T

We understand the property is not elected for V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.