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Restaurant/cafe to let
429 sq. ft*
Not available Council tax band:
Prominent main road location
Option to purchase or lease property
Rare self-employment opportunity
Current turnover c. £312,000
Yearly net profit c. £65,000
Potential for rates exemption
Airdire lies within North Lanarkshire and is located circa 12 miles east of Glasgow and on the A89, the main arterial route linking Bathgate to the east and Coatbridge to the west. The M8 motorway is approximately 3 miles south of the Town and Airdrie Train Station is around 7 minutes’ walk.
The property is located on the south side of Stirling Street close to it’s junction with Wellwynd. The surrounding area is predominantly commercial in nature with nearby occupiers including Spar, Paddy Power and Subway. Airdrie Library and the Town Hall are also a short distance from the property.
The subjects comprise a mid-terraced retail unit on the ground floor within a two storey end terraced building. The building is of traditional masonry construction, built in circa 1910, and sits under a pitched tiled roof. The accommodation above appears to be residential in nature.
The property is accessed via a single pedestrian door which leads into the sales area. The commercial kitchen is, as expected, fitted out to a professional standard with extract ventilation and a range of stainless steel sink units, utility basins and fitments. A comprehensive range of floor and wall mounted style units are installed with appropriate worktops. The floor is tiled, walls covered with splash backs and the plaster/paint ceiling incorporates LED lighting. Access to the basement is gained via a stairwell at the back of the shop. The space is used for storage and benefits from a WC.
Umar’s Grill House is a hot food take away which benefits from Class 3 consent. The business has been owner occupied since 2008 and is currently generating c. £6,000 per week in retail sales.
The current owners have decided to sell the business due to a change in circumstance, thus creating an exciting self-employment opportunity. The bespoke service the current owners provide is reflective of the success of the business and in turn, the return custom.
Proof of sales will be made available to seriously interested parties post viewing stage. We have been advised that all fixtures and fittings are owned outright and included within the goodwill purchase price of £65,000.
The subjects are available to lease on a full repairing and insuring basis, for a term to be agreed, at a rent of £13,000 per annum. Alternatively, our clients’ may consider selling their heritable interest for £110,000 by way of a going concern.
For more information about this property, please contact Kirkstone Property Consultancy, G2 on +44 141 376 6556 * (local rate)
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