| Property Type | |
| Tenure | For Sale |
| Size | 3,000 sq ft |
| Price | Offers in excess of £85,000 |
| Business Rates | £13,944 per annum As per April 2023 valuation |
| Rateable Value | £28,000 |
| Energy Performance Rating | Upon enquiry |
Themed Bar & Restaurant with Darts Bar in Glasgow City Centre. 332 Licence Capacity venue.
Key Features
- Well Established & Highly Recognisable Brand in a Prime Glasgow City Centre Trading Location
- Multiple Income Streams Wet/Food/Events/Interactive Darts
- Large Fully Covered Heated Beer Garden & Outdoor Screens
- Annual Passing Rent £55,000 (Bar & Restaurant), £14,400 (Beer Garden)
- The airstream in the beer garden is in the process of being removed.
Description
An outstanding opportunity to acquire one of Glasgow's most recognisable themed hospitality venues. Tiki Bar has established itself as a destination venue, offering a unique tropical experience with an exceptional cocktail offering, authentic Thai cuisine and a vibrant late night atmosphere. The business has built a loyal customer base while continuing to attract a constant flow of visitors, tourists and city centre professionals. The venue benefits from multiple revenue streams including food, premium cocktails, events, private functions and its recently interactive Darts Den, providing excellent opportunities for continued growth.
Location
The business occupies a prime trading position on Bath Street in the heart of Glasgow City centre, one of Scotland's busiest leisure and hospitality destinations. Situated just moments from Sauchiehall Street and directly beside the King's Theatre, the premises benefits from exceptional levels of pedestrian footfall throughout the day and evening. The surrounding area is home to an excellent mix of offices, hotels, retail outlets, restaurants, bars and entertainment venues, generating consistent trade from office workers, shoppers, theatre-goers, tourists and the city's vibrant nightlife.
Tenure
The business operates under two separate leasehold interests. Both are available on a long lease for assignation upon sale. The two-storey bar & restaurant is £55,000 per annum and 120 capacity beer garden is £14,400 per annum.
Notes
The airstream-kitchen in the beer garden has recently been damaged by a fire. This is currently undergoing insurance reinstatement and will continue to progress pre-sale.
