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High End Bar/ Restaurant In Hamilton Lease For Sale

Hamilton, South Lanarkshire
Freehold Price:
£800,000 Furniture / Fixtures included
Lease Asking Price:
£100,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A brilliant opportunity to take on a fashionable, high end bar/restaurant in Hamilton is now available to an interested buyer. The business had been offering a 5 star, fine dining and cocktail experience and acquired a reputation for excellent food, drinks and impeccable service.
In a busy location, this business would make a highly valuable and expandable asset to any new owner

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Lease Terms:

25 years, negotiable

Leasehold Rent:

£56,000 per annum

Location:

Located in the heart of Hamilton in Central Lowlands of Scotland. Situated on a major road, this business will benefit from ample exposure and passing footfall and is directly opposite the courthouse and Strathclyde Council Offices, Hamilton Water Palace, several large car dealerships and many other large businesses, Hamilton Racecourse is also 5 mins walk away.

Premises Details:

This grade A listed building, is grand and possesses classic feel with its well lit exterior drawing the attention of potential customers. The high standard refurbishment undertaken in 2015, at a cost of £400K,is evident, with dark wood flooring, warm lighting and large leather seating. The main dining area on ground floor possesses space and furniture available for 90 covers, including three large booths. The bar area is spacious, well fitted and showcases drinks and cocktails. A large kitchen and fully refurbished toilet facilities including disabled and baby changing are also located on the ground floor. A cocktail bar and outdoor seating area is located on the first floor.
A coffee and sandwich deli operates in a section of the building bringing further trade to the area.

Business Operation

Competition / Market:

The previous tenant operated a fine dining restaurant which faced no local competition. There are two Italian restaurants and one Chinese restaurant in the area. There are three busy bars operating at the opposite end of street, But none in close proximity to this property.

Reasons for selling:

Previous business, having operated with an excellent reputation with brilliant reviews and a 5 star hygiene rating, closed due to owners family commitments. Landlord now seeking new tenant.

Trading hours:

Sunday till Thursday 12 -12, Friday and Saturday 12 - 1am

Employees:
N/A
Years established:
2.5

Other Information

Support & training:

Full support available to prospective buyers

Leasehold asking price:
£100,000 - Furniture / Fixtures included
Business closed / Asset sale:
Yes

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