Times Square

54 St Enoch Square, Glasgow, Lanarkshire, G1 4DH

Gallery

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Pub overview

Exceptional property now available to rent. This site offers a prime location, large and flexible retail space, external licensed area and two commercial kitchens.

This pub is ideally located within a large retail area in Glasgow's busy city centre. Situated in St Enoch Square it affords an enviable site well appointed for public transport and the local shops. The pub has two large trading areas, two well equipped kitchens and a large external seating area. The pub offers a great flexible space to accommodate food, sport, live entertainment and functions.

The pub benefits from having two bars, one in each trading area. The main area has a large public bar and dining area and the second room,which can be accessed via the main bar or a separate entrance, has a full bar and gantry which is currently used for functions.

Please note that although the entry costs are coming out at £53,950, an Assisted Purchase agreement may be available for the Fixtures and Fittings. Therefore minimum ingoing costs would be £32,200 for the right operator.

The pub has two distinct trading areas, both with own separate entrance and public bar area. One side of the property accommodates day time drinkers and a busy food service. The other bar is currently used for events and private functions.

Trade space
Bars 2
Dining rooms 2
Food covers70
Function rooms 1
Trade kitchens 2
Patio areas 1

No private accommodation with this property

Private space

Rent information

Annual rent£66,850 per annum
Weekly rent£1,285.58 per week fixed
Notes

£66,850.00 per annum, £1,285.58 per week fixed and subject to annual RPI increase, which is capped. Paid weekly by direct debit.

Entry costs approx £53,950.00 which includes fixtures and fittings, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit (25% of head rent, minimum £6,000). *Please note that an Assisted Purchase agreement could be available for the right operator and minimum ingoing costs would be £32,200.

Brokers£0Legal£825
Deposit£16,700Stocktaking fees£150
Fixtures & fittings£25,000Working capital£10,000
Other costs£1,275Total entry cost£53,950

Agreement description

Standard Tenancy Agreement
A fixed 5 year term agreement
•Tie variations available
•Rent set at the start of the agreement, subject to the annual Retail Prices Index (RPI) which is capped
•Flexible pricing options available
•Greene King is responsible for the structure of the building
•Ability to end agreement with 6 months notice at any time with standard notice fee equal to 3 months rent

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations.

Calculators to help you are available on the business planning section of our website.

Trading volumes

YearBeer (Brls)Wine & spirits (Ltrs)Minerals (Ltrs)
2017/182081
2016/171821915
2015/162492842
Volume notes

Location

This pub is ideally located within a large retail area in Glasgow's busy city centre. Well appointed for public transport (subway station located directly across from main entrance and many bus routes in and around the square) and situated in a pedestrianized square, this site as great visual impact and lots of passing trade. The St Enoch centre is located directly across from the pubs entrance and a new Premier inn due to open in March 2020 bringing more visitors into the local.

Facilities

Trade bar
Dining area
Function room
Trade kitchen
Trade patio

Current premises licence opening hours

On Sales - Monday - Sunday - 11:00hrs - 00:00hrs Off Sales - Monday - Sunday - 11:00hrs - 22:00hrs

Contact Us

Sandra Donnelly

Business Development Manager

Call the Recruitment team on 01284 714 497

Apply online
“ This site is in a prime location so we are looking for an experienced operator who has the experience of working in a city centre environment and also has the knowledge of the food trade as well as being a drinks operator. ”