LOCATION
The subjects benefit from a prime trading position on Byres Road, close to its junction with Ashton Lane, in the very heart of Glasgow’s fashionable and vibrant West End. Byres Road is the central artery of the West End and runs from Great Western Road and the Botanic Gardens in the north to Dumbarton Road at Partick Cross in the south.
Byres Road is a mixed commercial, shopping and upmarket residential area, and its proximity to the University of Glasgow has meant that the surrounding area is very bohemian, with a large student, academic and artistic population.
The subjects themselves are situated in undoubtedly the busiest stretch of Byres Road, being adjacent to Hillhead Underground Station, and backing onto Ashton Lane, which is an extremely popular licenced circuit. Surrounding licensed operators include the Ubiquitous Chip, Brel, Jinty McGinty’s, The Loft, Curler’s, Little Italy, La Vita Spuntini and Oran Mor. Surrounding retailers include Tinderbox, Pret, Waitrose, Oliver Bonas, Holland & Barrett, Starbucks and M&S.
Other nearby amenities and attractions include the Hilton Grosvenor Hotel, The Botanic Gardens, The Grosvenor Cinema and the Kelvingrove Museum & Art Gallery.
THE PROPERTY
The subjects form part of a retail parade and comprise part ground of this traditional, 3-storey sandstone tenement style property, all under a pitched tiled roof.
DESCRIPTION
The subjects are accessed directly from Byres Road via a door positioned to the right-hand side of the large display frontage, with prominent signage and retractable awning above.
Internally, the premises were completely refitted only a few years ago and have been designed and fitted to a high standard, with high quality finishings throughout including laminate wood flooring and attractive wall tiles. Artwork is displayed on the wall from local artists and art students.
A large L-shaped counter runs down the left-hand wall incorporating 4x serve over display chill counters, displaying a tremendous selection of salad and sandwich fillings, cakes and bakery products and artisan breads. There is a display chill cabinet in the front shop for self-service soft drinks . To the rear of the counter there is a range of equipment including coffee machine, till system, undercounter double fridge, double panini grill, soup kettle and pie warmer.
ANCILLARY AREAS
To the rear of the retail area there is a walk-in fridge, as well as a good-sized back shop area which is home to preparation and storage space, sink and basin, and further equipment including an oven, microwave, electric cooking hob, meat slicer, fridge and dishwasher.
There is also a small storage/cloakroom area, staff toilet, as well as a rear door to a communal bin storage area.
THE BUSINESS/OPPORTUNITY
Our client established La Pastina approximately 4 years ago, after relocating their main butchers business which had traded from the premises for 14 years prior. The premises were completely refurbished at this point to create the quality establishment that exists today.
In this time the business has built up a great reputation for their high-end signature sandwiches, build your own salad bowls, a great selection of cakes and home baking, coffees, hot chocolates and soft drinks.
The business enjoys a loyal and regular clientele, with lots of locals and regulars derived from the local residents and businesses, high volumes of students, as well as tourists and daytrippers.
TRADING HOURS
The business trades 9am-4pm, 7 days a week.
FIXTURES & FITTINGS
We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements with the exception of the dishwasher which is leased, and the artwork which is displayed on behalf of local artists.
TRADING INFORMATION
We have been advised that the business currently turns over approximately £7000 per week gross.
Further accounting information can be provided to interested parties only after formally viewing the business.
RATES
The subjects are entered into the current valuation roll as having a rateable value of £26,000.
TENURE
The subjects are held on an original 10-year lease from 9th April 2010, and was extended for a further 10-years, expiring on 8th April 2030, with a current passing rental of £27,500 per annum, subject to 5-yearly reviews. There is a tenant break clause in April 2025. We have been advised that the landlord would be willing to extend the lease for a new operator, subject to covenant.
EPC
A copy of the Energy performance Certificate is available on request. The rating is B.
