Gallowgate Street, Largs

OVERVIEW

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This well-established fish and chip shop is available to purchase, set within the heart of one of Largs Town Centre's busiest retail areas and offering superb visibility from the A78 main road and footfall from tourists and ferry passengers travelling to Millport.

The Wee Plaice at Gallowgate Street, adjacent to Costa Coffee and The Paddle Steamer public house is a household name locally, boasting a prominent spot on the main promenade. 

The subjects comprise a ground floor retail unit, within a traditional two-storey property formed in stone and slate.

Already established on delivery platforms, the subjects offer good potential for further growth into complementary areas and extended opening hours.

Due to its history of tourism and related activities, Largs boasts several bars, restaurants and guest houses, the majority of which are situated in and around the seafront in close proximity to the property.

Other enterprises located nearby include a range of retail shops, restaurants, cafes, takeaways, clothing stores, gift stores as well as a Co-op.

This, therefore, creates a fantastic opportunity for a business to position itself with high visibility and footfall.

The Leasehold asking price is £20,000 for 18 years, with the annual rental being £12,000. 

INTERNAL DETAILS

The shop has windows across the frontage of the unit allowing natural light in, with two doors to allow a one-way system.

There are pan fryers situated to the right of the entrance which run the full length of the store with a counter and till area attached at the entrance.

To the rear of the store is a preparation area along with a potato storeroom with a chipper, peeler and associated equipment including freezers and chillers. 

There is a single cubicle WC to the rear of the property.

Our client has advised that all equipment within the shop is owned outright and will be part of the sale.

CURRENT LEASE

The premises are held on an 18-year secure lease, with a sensible rental figure of £12,000 per annum.

The current operator is surrendering the lease due to other business interests further afield.

VIEWING

Viewings can be arranged by appointment with Bowman Rebecchi. 

LOCATION

Located on the Firth of Clyde, Largs is a charming Scottish seaside resort, complete with a Victorian promenade and a wide variety of ice cream parlours and shops that attracts high levels of tourism between March and October.

With an established resident population of 11,340, the town enjoys an enviable reputation for tourism and day trips to the coast from Glasgow. As the gateway to Great Cumbrae, just a mile offshore, the nearby Caledonian McBrayne ferry Terminal handles some 750,000 passengers per annum.

The famous Waverley Paddle Steamer makes regular trips from Largs during the summer months, with Largs a popular spot for those travelling by sailing boat - the Largs Yacht Haven is the largest marina in Scotland and boasts excellent facilities.

The town also benefits from a mainline railway station, with hourly services running to Glasgow and regular bus services to Ayrshire, Greenock and Glasgow.

OUTSTANDING CONNECTIVITY 

Largs lies on the A78 road route extending north to Greenock (15 miles) and south to Irvine (20 miles), while the A760 extends east to Kilbirnie and connects on to the A737 at Beith, providing road access to Glasgow (33 miles).

On-street parking is available for customers with the Seafront Car Park a short two-minute walk.

PLANNING

The premises benefits from Class 3 Sui Generis use for hot food takeaway. 

TRADING HOURS

The business has previously traded Wednesday to Sunday from 16:30 - 20:30.

MEASUREMENTS 

The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows: 

Total - 38 sq m / 408 sq ft

TERMS

Rates - From the Assessor’s website, the property had a Rateable Value of £7,500. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status. 

EPC - A copy of the Energy Performance Certificate is available upon request.

Entry - The current tenant is flexible to requests.

Price - The cost to acquire the leasehold is £20,000 with SAV also available. Purchasers are inheriting an 18-year lease, with a further rental of £12,000 per annum (excluding VAT which is not applicable).

Anti-Money Laundering - To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.

For further information concerning the quoting rents and likely incentives, please contact Bowman Rebecchi.