Leasehold for historic Glasgow pub comes on to the market
AN historic pub opposite the Kings Theatre in Glasgow has come onto the market.
Property firm CDLH is marketing the leasehold of The Griffin – a venue described as being steeped in history and occupying a prime location.
Originally known as the Kings Arms due to its proximity to the Kings Theatre, The Griffin features a carved wood frontage which was designed by architect William Reid in 1903.
The pub was renamed The Griffin in the 1960s after its then publican, William Griffin, expanded the business to add the now named Gin Place bar/restaurant, which can seat around 60 people, and the 80-cover Stage Door function room.
The original main bar, meanwhile, features wood-panelled walls and an ornate central bar, and can also accommodate around 80 people.
Alan Creevy, director at CDLH, said The Griffin occupies a “prime position” across from the theatre and close to Charing Cross railway station; a number of businesses, including the recently-developed Scottish Power HQ; and residential areas, including a proposed development of 685 apartments opposite the station.
That there has been a pub on the site for nearly 160 years is “testament to the prime location and unique character of the property”, he said.
“The Griffin is a Glasgow institution, with a unique frontage to the property, which was originally designed by architect William Reid in 1903,” said Creevy.
“The property is steeped in history at a prime location.
“The Griffin has been a highly profitable and successful business for the proprietors but was forced to close in March 2020 due to the COVID-19 restrictions. The business remains closed but fully fitted, furnished and equipped and ready for immediate reopening and trade.”
The Griffin is being marketed as a free-of-tie lease with a price tag of offers over £95,000 for the premium, with a guide rent of £75,000 per annum.