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16 New Street, Paisley, PA1 1XY
• Award winning, newly refurbished bar & restaurant
• Designed & fitted to an exacting standard
• Prominent trading position within licensed circuit
• Close to High Street and University
• Unique and enviable late licence
• Gross internal area circa 462 SqM (4,978 SqFt)
The subjects are held on a 25-year, FRI lease from 20th September 2006, expiring on 19th September 2031. The current passing rental is £41,000 per annum, subject to 5-yearly reviews.
The subjects benefit from an enviable trading position on New Street, within the heart of Paisley, which is Scotland’s largest town, and lies within Renfrewshire, Scotland.
New Street forms part of a vibrant licensed circuit, with a good surrounding mix of bars and nightclubs including Vienna’s, Cafuffals, Fantoosh, The Bull Inn and Borgia. The subjects are also close to the High Street and the Paisley Centre, which are home to many large national retailers, which generate high volumes of footfall to the surrounding area.
The subjects also benefit from their close proximity to the University of the West of Scotland (UWS) Paisley Campus, and new halls of residence, which are home to around 10,000 students.
Paisley itself, has a population of approximately 77,000 people, making it the largest town in Scotland, and the fifth largest settlement. It is situated approximately 11 miles west of Glasgow city centre and 2 miles from Glasgow International Airport, offering excellent transport links via the M8 motorway and public transport/ rail links.
The premises were completely refurbished in 2017 and have been designed and fitted to an exacting standard and are in walk in condition with no CAPEX required.
The premises have a licensing capacity of 260 and can comfortably seat over 110 people in various split-level seating areas. Seating is provided by way of stylish booths, banquet seating, loose tables & chairs, as well as some bar seating.
An impressive custom built, 14 metre, stainless steel bar runs down the left-hand side of the premises, and is fully fitted with undercounter fridges, with a stylish drinks gantry to the rear.
The premises also benefit from a raised DJ box at the front, as well as sound and lighting systems.
The premises really need to be viewed to properly appreciate the quality of the fit out and the attention to detail, including stunning, hand painted wall murals, feature lighting and purpose-built iron balustrades with thistle detail.
The business trades with the benefit of a premises licence and the licence is one of the most unique in Scotland. It is the only bar in Renfrewshire which is permitted to sell alcohol until 2am (Fri/Sat & Bank Holiday Sundays) and then operate as a night café until 4am.
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