West end bar new to market | Scottish Licensed Trade News

Scottish Licensed Trade News

West end bar new to market

Posted on by in Property

OPERATORS seeking to make a move into Glasgow’s west end might be interested in the Rio Café which has come onto the books of property firm CDLH.

• The Rio Café has a “loose ‘70s theme”.

• The Rio Café has a “loose ‘70s theme”.

Occupying a corner position on Hyndland Street, the Rio Café is described as an “easily-managed single bar operation” which attracts a mixed clientele of locals, students and business professionals and is said to enjoy strong daytime and evening bar trade.
The 50-cover venue currently has a “loose ‘70s theme” with timber flooring and booth seating. Downstairs there is a full height basement area which houses the beer cellar and spirit store as well as general storage space.
CDLH described the Rio Café as a “fantastic west end business, with a loyal and regular customer base”.
The leasehold is being marketed at offers over £70,000, and the rent is currently £30,000 per annum, with the next review in February 2020 and the lease running till 2025. There is a tenant’s option to purchase the freehold in July 2019; there is also a tenant’s option to extend the lease for a further ten years until 2035.

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