Stunning Restaurant & Bar Opportunity overlooking Kelvingrove Art Galleries in Finnieston, Glasgow

Farina

1377 Argyle Street, Finnieston, Glasgow, G3 8AF

·         Fantastic restaurant & bar opportunity with rare 1am licence

·         Enviable trading position within Finnieston. Short walk to Hydro & SECC

·         Directly opposite Kelvingrove Art Galleries offering spectacular outlook

·         Refurbished last year to high standard. Comfortable 50 covers

·         Building warrant granted to add mezzanine level

·         Weekly turnover circa £10,000 gross

LOCATION

The subjects benefit from an enviable and prominent trading position on Argyle Street, directly opposite the Kelvingrove Museum & Art Galleries, within the highly sought after Finnieston area of Glasgow.

The subjects benefit from high levels of passing traffic, with Argyle Street being one of the main thoroughfares linking the City Centre with the West End of Glasgow. The Kelvinhall Underground Station is only a short walk away.

In recent years, Finnieston has become arguably the most desirable eating and drinking circuit in Glasgow with many new stylish bar and restaurant openings. Nearby operators include Brewdog, Mother India, Elena’s, Ox & Finch, Porter & Rye, Six by Nico, Crabshakk and the Finnieston.

The subjects themselves enjoy one of the best outlooks in Glasgow overlooking the spectacular Art Galleries which also acts as a great generator of trade. The subjects also benefit from their close proximity to the Kelvinhall International Sports Arena and the Hunterian Museum.  The business benefits further from the extensive development of the former Western Infirmary site by Glasgow University, creating a number of state of the art University buildings and facilities, which brings high levels of student and lecturers to its doorstep.

The subjects benefit greatly from their close proximity to the Scottish Exhibition & Conference Centre (SECC) and the Hydro concert venue, both of which are only a short walk away, and regularly play host to the biggest concerts and live shows.  The Hydro has been ranked as the second busiest live entertainment arena in the World.  

Finnieston is a densely populated residential area, as well as a being a busy commercial area with a number of businesses and substantial office developments in the surrounding area, including the Skypark and the new Scottish Power HQ.  There are also a number of substantial new residential developments planned in the area which will further benefit the surrounding businesses.

THE PROPERTY

The subjects comprise part ground floor, within a retail parade, of a traditional 4-storey sandstone tenement property under a pitched roof. The subjects also benefit from a single storey extension to the rear under a flat roof.

DESCRIPTION

The subjects are entered via a doorway to the left-hand side of the large display frontage with prominent backlit signage above. Internally, the premises which were refurbished only last year have been designed and fitted to a high standard with high quality finishings throughout, to create this stylish and contemporary venue, whilst retaining original features such as high ceilings and exposed stone and brickwork.

A large well-equipped bar/servery runs down the full left-hand side of the unit leading into an open plan ‘theatre’ kitchen to the rear with the focal point being a large feature pizza oven.

The restaurant is set up to accommodate a comfortable 50 covers by way of comfy booths in the windows, banquet seating and loose tables and chairs.

The dining area benefits from one of the most spectacular outlooks in the whole of Glasgow, with uninterrupted views of the Kelvingrove Museum & Art Galleries which is possibly even more spectacular when lit up at night.

ANCILLARY AREAS

·         Fully fitted commercial kitchen

·         Separate prep and dishwash areas

·         Male, Female & Disabled toilets

·         Ancillary storage areas

THE BUSINESS

Farina was established by our clients just over a year ago, and prior to that had traded as Baffo for approximately 6 years, so the business is well established as an Italian restaurant, and despite Farina still being very much in its infancy, in this time it has developed a great reputation for its quality Italian cuisine and service, in a first class location.

The business enjoys a good regular clientele from the surrounding residents and businesses, however benefits greatly from its location, taking advantage of museum visitors, tourists & day trippers, as well as people attending concerts at the Hydro and SECC etc.

The business specialises in freshly baked traditional artisan Neapolitan pizzas and freshly cooked pasta, as well as a good selection of starters and desserts including soft serve ice cream which is freshly made on the premises, complimented by a selection of wines, beers, spirits and soft drinks.

Whilst the business is established as an Italian restaurant it is felt that the premises could easily be adapted to suit a wide range of cuisines and concepts

There is further potential to increase turnover by increasing the capacity by developing a mezzanine level, which has been granted a building warrant, as well as by extending the opening hours to capitalise on the enviable 1am licence which allows bar trade and live music, which is not utilised at present.

TRADING HOURS

Closed Tuesday

4 days: 12pm-10pm

Fri/Sat: 12pm-10:30pm

TRADING INFORMATION

We have been verbally advised that the business turns over circa £10,000 per week gross.

Further financial information can be provided 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.

BUSINESS RATES

The subjects are entered into the current valuation roll as having a rateable value of £22,500.

LICENSES

The business trades with the benefit of a an enviable 1am premises licence which also permits live music and families at all times.