A BAR and restaurant described as a go-to for sporting events in Glasgow’s west end has been snapped up by the owners of the Mother India restaurant group, who are said to have plans for “significant investment” in the property to reposition the business.
The Lansdowne Bar & Kitchen, in Glasgow’s west end, was acquired by Stonegate Pub Company in 2015 as part of a larger portfolio sale but “did not fit within their typical operating structure”, according to CDLH.
The pubco appointed CDLH to undertake a confidential marketing campaign of the business, which was placed on the market at offers over £475,000; the property firm said there was “significant interest” from a raft of operators “keen to capitalise on the property’s west end location” before it was purchased by the owners of the Mother India restaurant group, who have other outlets in Glasgow, as well as Edinburgh.
Alan Creevy, director at CDLH, who handled the sale, said the property attracted interest from a range of potential buyers.
“As you would expect, there was considerable interest in the property, generally from experienced Scotland-based operators keen to capitalise on the property’s west end location,” said Creevy.
“The property and business has been acquired by the owners of the Mother India restaurant chain, who have plans for significant investment and repositioning of the business, which will undoubtedly prove highly successful.”