Britton Property.
Investment For Sale
O Sole Mio Restaurant - 22 Bath Street, Glasgow G2 1HB
Prime City Centre Restaurant Investment FRI Lease
Rent: £30,000pa (Reversionary Rent – ERV £55,000pa)
Expiry: May 2035
Price: o/o £495,000
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
Glasgow is Scotland’s largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million.
The premises occupy a prime central location on the north side of Bath Street, close to its junction with West Nile Street and in close proximity to both Buchanan Street and Sauchiehall Street.
Nearby occupiers include Ladbrokes, Evans Cycles, Maki & Ramen and The Post Office as well as many office occupiers within the immediate vicinity.
The premises comprise a fully fitted, double fronted restaurant arranged over ground and basement floors within a 4-storey blonde sandstone building.
The ground floor is fitted out to the tenant’s standard specification consisting of 52 covers and a bar area to the front with commercial kitchen and disables WC at the rear.
A staircase to the right of the bar leads to the basement which has male and female customer toilets, storage area and large kitchen prep area with walk-in fridge.
The property is held on a full repairing and insuring lease on the following terms –
Tenant: O Sole Mio (Glasgow) Ltd t/a O Sole Mio
Expiry: May 2035
Rent Reviews: 5 yearly to OMV
Passing Rent: £30,000pa
Offers over £495,000
On application
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
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