LOCATION
The subjects benefit from a prime trading position, situated on St Enoch Square in the heart of Glasgow City Centre. St Enoch Square is home to a good mix of retail, offices and licensed operators ensuring high levels of footfall throughout the day and evening. There are also a number of new hotel developments in close proximity including Virgin Hotel, Adagio Hotel & Premier Inn.
St Enoch Square is located at the bottom of Buchanan Street and just off Argyle Street, in what is the busiest shopping area in the whole of Glasgow, close to House of Fraser, Nike, Zara, Hugo Boss and Princes Square.
The St Enoch shopping centre lies directly opposite the subjects and is home to many or the largest national retailers including Hamleys and Tesco, as well as entertainment venues including Vue cinema, Level X and Boom Battle Bar.
The St Enoch subway station is positioned just opposite the subjects, and they are also just a short walk from Glasgow Central Station and Queen Street Station.
Glasgow is located in the West of Scotland, 40 miles west of Edinburgh. It is the 4th largest city in the UK and the largest in Scotland, with a population of circa 600,000, however there are around 1.2 million people in the Greater Glasgow urban area.
Glasgow attracts high levels of tourism each year, with a huge number of attractions and amenities including the Kelvingrove Museum & Art Gallery, The Riverside Museum, The Botanic Gardens and Glasgow Science Centre to name a few. The city is a cultural hub, with a number of theatres and concert venues including the Hydro, which regularly plays host to many of the biggest concerts and live shows.
THE PROPERTY
The subjects comprise part ground floor and basement of this traditional 6-storey with basement, red sandstone property.
DESCRIPTION
The subjects are accessed directly from St Enoch Square by way of a door positioned to the left-hand side of the large display frontage with prominent signage above. The subjects benefit from a pavement seating terrace to the front with seating for 8 customers.
Internally, the premises provide a cosy and welcoming environment and can seat approximately 20 customers by way of loose tables, chairs and benches, as well as high stools at a window table.
The counter servery is positioned to the rear of the premises and is home to the till system as well as coffee machine and a chilled cake display. To the rear of the counter there is a stainless-steel workbench with undercounter refrigeration, as well as a dishwasher, additional fridge and hand basin. There is also a display drinks fridge in the front shop for customer self-service.
ANCILLARY AREAS
The subjects benefit from a large basement which is accessed via a staircase to the rear of the shop. Here you will find a well-equipped kitchen, a large store room with a number of fridges and freezers, dry store, further storage and office accommodation and a staff toilet.
THE BUSINESS
The Glasvegan has been trading for approximately 5 years and is therefore well established and has built up a loyal and regular clientele from throughout Glasgow as well as benefitting from high levels of tourism.
The Glasvegan, as the name suggests is a vegan café and takeaway spot that specialises in quality breakfast and lunch dishes, soft drinks, cakes and coffees, as well as freshly made sweet and savoury crepes. The business enjoys an excellent reputation for its food and service and this is reflected in their strong online reviews, as well as being awarded the best vegetarian restaurant in Scotland 2023 in the Scottish Food Awards, and has again been shortlisted for 2024.
The business currently trades 7 days a week, 9am-5pm.
Whilst the business currently trades as a vegan café, it would easily lend itself to suit a variety of different café and takeaway concepts.
SIZE
We understand that the premises have the following gross internal areas:
Ground: 32.57 SqM (351 SqFt)
Basement: 37.75 SqM (406 SqFt)
Total: 70.32 SqM (757 SqFt)
TRADING INFORMATION
Further trading information can be made available to interested parties after formally viewing the business.
FIXTURES AND FITTINGS
We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements.
TENURE
The subjects are currently held on a new 10-year FRI lease from 1st September 2023 with a current passing rental of £20,000 per annum, subject to 5-yearly reviews.
RATES
The subjects are entered into the current valuation roll as having a rateable value of £10,400 and are therefore eligible for zero rates.
